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Watching Corn Grow: A Hedonic Study of the Iowa Landscape AgEcon
Secchi, Silvia.
Landscape amenities can be scarce in places with large areas of open space. Intensely farmed areas with high levels of monocropping and livestock production are akin to developed open space areas and do not provide many services in terms of landscape amenities. Open space in the form of farmland is plentiful, but parks and their services are in short supply. This issue is of particular importance for public policy because it is closely linked to the impact of externalities caused by agricultural activities and to the indirect effects of land use dynamics. This study looks at the impact of landscape amenities on rural residential property values in five counties in North Central Iowa using a hedonic pricing model based on geographic information systems. The...
Tipo: Working or Discussion Paper Palavras-chave: Environmental management; Hedonic analysis; Land use; Spatial externalities; Crop Production/Industries; Environmental Economics and Policy.
Ano: 2007 URL: http://purl.umn.edu/9372
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An hedonic approach applied to scanner data on cured ham purchases in Spain AgEcon
Resano, H.; Sanjuan, Ana Isabel.
A quantity-dependent hedonic model is used to study consumers’ actual purchases of cured ham, recorded through scanner in Spain, between April 2003 and March 2004. A Zero Inflated Negative Binomial (ZIB) model is applied because of the high proportion of zero purchase-values and the finding of overdispersion in the data. Ham characteristics are used as explanatory variables, such as breed, origin, EU Quality Certification squemes (PDO, PGI, STG), type of brand (producer’s and distributor’s), sale format (whole leg, vacuum packaged, on request), ripening period and price. Monthly dummies variables are also added to capture a possible seasonal effect. The results show that the distributor’s brand, the whole leg sale format, the origin Teruel and its...
Tipo: Conference Paper or Presentation Palavras-chave: Hedonic analysis; Consumers; Zero inflated negative binomial; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety.
Ano: 2008 URL: http://purl.umn.edu/44383
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Living on the Edge: Residential Property Values in the Urban-Rural Interface AgEcon
Espey, Molly; Fakhruddin, Fahmida; Gering, Lawrence R.; Lin, Huiyan.
This study estimates the contribution of both urban-rural fringe location and lake proximity on residential property values in three upstate counties of South Carolina through estimation of spatial hedonic housing price models. Location in the urban fringe and the urban-rural interface are found to have a positive impact on residential housing values relative to either urban or more rural locations. Lakes in the upstate contribute positively to housing values to the extent that the house has a view of a lake, lake access, or lake frontage.
Tipo: Journal Article Palavras-chave: Environmental valuation; Hedonic analysis; Lake proximity; Rural development; Urban-rural interface; Urban sprawl; O18; R14; R21.
Ano: 2007 URL: http://purl.umn.edu/37055
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Supplier reputation and price premium: the case of groundnuts in Rotterdam AgEcon
Revoredo-Giha, Cesar; Fletcher, Stanley M..
Firm’s reputation depends on the quality of its goods and its reliability as a supplier. This may explain observed price differences between commodities from different origins but with the same observable characteristics. We analyse data for the Rotterdam market and use hedonic price analysis to show the existence of a price premium that favours the US over other origins. As secondary information points out exporter reliability as one explanation we formalise the relationship between reliability and price premiums in a theoretical model and analyse its implications.
Tipo: Journal Article Palavras-chave: Firm reputation; Supplier reliability; Price differences; Groundnuts trade; Hedonic analysis; Country of origin; Demand and Price Analysis; Crop Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/44095
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The Taste for Variety: A Hedonic Analysis AgEcon
Drescher, Larissa S.; Thiele, Silke; Weiss, Christoph R..
Based on the model of consumers' variety-seeking behavior introduced by Anderson et al. (1992), this paper derives a hedonic price function for a households' consumption bundle. The price a consumer pays for her consumption bundle reflects the values of the underlying attributes of goods purchased but also accounts for any preference for variety that she might have. The empirical analysis is conducted for 3,240 German households and their expenditure on 182 different soft drinks over a six-month period. We find that consumers have a preference for variety in food consumption, ceteris paribus. Furthermore, the per-unit price is found to be significantly larger for higher income households, as well as households where the principal wage earner has a high...
Tipo: Conference Paper or Presentation Palavras-chave: Consumer demand; Taste for variety; Food products; Hedonic analysis; Germany; Food Consumption/Nutrition/Food Safety; C21; D12.
Ano: 2006 URL: http://purl.umn.edu/25251
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What Adds Value in Specialty Coffee? Managerial Implications from Hedonic Price Analysis of Central and South American E-Auctions AgEcon
Donnet, M. Laura; Weatherspoon, Dave D.; Hoehn, John P..
We analyze price and quality information at the procurement level in the specialty coffee supply chain using data from small and large volume e-auctions. Hedonic price equations reveal that the Cup of Excellence auction is a more differentiated market disclosing more information about coffee values associated with ratings, rankings, quantities available, and country reputations whereas information in the Q auction is more limited and tends to be remunerated to a lesser extent. These results indicate that there are different business models and valuation of product characteristics within the specialty coffee industry. Management implications are drawn for specialty coffee producers and roasters.
Tipo: Journal Article Palavras-chave: Specialty coffee; E-auctions; Hedonic analysis; Business models; Demand and Price Analysis.
Ano: 2007 URL: http://purl.umn.edu/8162
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The Price Premium for Organic Babyfood: A Hedonic Analysis AgEcon
Maguire, Kelly B.; Owens, Nicole N.; Simon, Nathalie B..
The price premium associated with organic babyfood is estimated by applying a hedonic model to price and characteristic data for babyfood products collected in two cities: Raleigh, North Carolina, and San Jose, California. The price per ounce of babyfood is modeled as a function of a number of babyfood and store characteristics. The estimated organic price premium is generally equal to 3 cents to 4 cents per ounce. To the extent this premium reflects consumer willingness to pay to reduce pesticide exposures, it could be used to infer values for reduced dietary exposures to pesticide residues for babies.
Tipo: Journal Article Palavras-chave: Babyfood; Hedonic analysis; Organic foods; Demand and Price Analysis.
Ano: 2004 URL: http://purl.umn.edu/31144
Registros recuperados: 7
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