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PREMIA FOR DIFFERENTIATED PRODUCTS AT THE RETAIL LEVEL: CAN THE MARKET PUT A VALUE ON THE MOUNTAIN ATTRIBUTE? AgEcon
Revoredo-Giha, Cesar; Leat, Philip M.K.; Lamprinopoulou-Kranis, Chrysa; Kupiec-Teahan, Beata.
The purpose of this paper is, by comparing products with a mountain provenance with those from non-mountain areas, to explore whether the market puts a premium on the „mountain attribute‟. First, we present a theoretical framework on attributes and cues that helps answering the question what is “mountain” representing in a products or in other term, is it an attribute or a cue. Second, based on a shelves survey collected as part of the EuroMARC, we analyse for several products (apples, sausages, water and cheese) and countries (Austria, France, Norway, Scotland and Slovenia) using a hedonic price regression approach whether a premium is paid for mountain food products in comparison with identified similar non-mountain food products. The results indicate...
Tipo: Working or Discussion Paper Palavras-chave: Mountain quality food products; Attributes and cues; Hedonic regression; Food Consumption/Nutrition/Food Safety; Marketing.
Ano: 2008 URL: http://purl.umn.edu/112887
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Green Price Indices AgEcon
Banzhaf, H. Spencer.
This paper suggests two theoretically consistent and empirically tractable ways that a cost-ofliving index can be expanded to include the environment and other public goods. In addition, it presents an empirical illustration of such an index for Los Angeles, California, incorporating air quality and other spatially varying public goods using a hedonic model. The results indicate that the required information can be recovered and that including public goods can make a noticeable difference in the index.
Tipo: Working or Discussion Paper Palavras-chave: Air quality; Green accounting; Hedonic regression; Nonmarket valuation; Price index; Demand and Price Analysis; E31; H40; I00; Q25; R10.
Ano: 2002 URL: http://purl.umn.edu/10538
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The Determinants of Polish Farmers' Credit Interest Rates: Hedonic Price Analysis and Implications for Government Policy AgEcon
Petrick, Martin; Latruffe, Laure.
Our micro-econometric analysis of agricultural credit market outcomes in Poland sheds new light on the relationship between contractual arrangements and interest rates. An innovative theoretical framework based on a hedonic market model is developed. We interpret the factors that influence interest rates as "quality" components of the credit contract. We use unique data including detailed information about Polish farmers' credit contracts. Both nominal interest rates and bank fees are considered. Results show that banks prefer liquid types of collateral, and care little about the loan's purpose. The effect of government subsidies on interest rates is small compared to the officially declared reduction of the nominal rate.
Tipo: Conference Paper or Presentation Palavras-chave: Agricultural finance; Credit policy; Hedonic regression; Micro-econometrics; Poland; Agricultural and Food Policy; Financial Economics; Q12; Q14; P32.
Ano: 2005 URL: http://purl.umn.edu/24757
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