| Registro completo |
| Provedor de dados: |
AgEcon
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| País: |
United States
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| Título: |
HEDONIC PRICING, INFORMATION, AND THE MARKET FOR THOROUGHBRED YEARLINGS
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| Autores: |
Vickner, Steven S.
Koch, Stephen I.
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| Data: |
2005-09-15
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| Ano: |
2001
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| Palavras-chave: |
Agribusiness
Equine
Hedonic pricing
Information
Price discovery
Thoroughbred yearlings
Livestock Production/Industries
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| Resumo: |
Building on the 1997 work of Chezum and Wimmer, and the 1998 work of Lansford, Freeman, Topliff, and Walker, we estimated a hedonic hammer price model on a random and representative sample of 212 yearlings from the 1999 Keeneland September Yearling Sale. Explanatory variables representing day of sale, age of yearling, stud fee, racing performance of sire and dam, geographic origin of yearling, and yearling health information were statistically significant. In each model, we failed to reject the null hypothesis of no adverse selection; sellers who breed and race horses did not receive a statistically significant price penalty on their yearlings sold in this auction, compared to sellers who just breed horses.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
17561
http://purl.umn.edu/14693
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| Editor: |
AgEcon Search
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| Relação: |
Journal of Agribusiness>Volume 19, Number 2, Fall 2001
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| Formato: |
17
application/pdf
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