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Registros recuperados: 27
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A hedonic model of lamb carcass attributes AgEcon
Farrell, Terence C.; Hopkins, David L..
Lamb carcass value is widely reported to be a function of lean meat yield, which is the relationship between muscle, fat and bone. Five retailers and five wholesalers assessed 47 lamb carcasses from diverse genotypes and scored seven attributes. A hedonic model reveals that conformation attributes were more highly valued (16 c/kg) relative to yield characteristics (4 c/kg). Meat colour and fat distribution were significant for retailers, but less important for wholesalers. Genotype was not a strong indicator of conformation. Eye muscle area and depth were correlated with Fat C; however, these were not significant. These results indicate that carcass conformation, meat colour and fat distribution should be incorporated into carcass grading models.
Tipo: Conference Paper or Presentation Palavras-chave: Hedonic; Lamb; Conformation and meat value; Attributes; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/10389
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A HEDONIC MODEL OF RICE TRAITS: ECONOMIC VALUES FROM FARMERS IN WEST AFRICA AgEcon
Dalton, Timothy J..
New crop varieties often have been promoted in developing countries based upon superior yield vis-a-vis locally available varieties. This research presents a hedonic model for upland rice by drawing upon the input characteristics and consumer good characteristics model literature. Model specification tests determine that a combination of production and consumption characteristics best explains the willingness to pay for new upland rice varieties. This non-separable household model specification determined that four traits explain the willingness to pay for new rice varieties: plant cycle length, plant height, grain elongation/swelling and tenderness. Yield was not significant explanatory variable for the willingness to pay for seed. The implications...
Tipo: Conference Paper or Presentation Palavras-chave: Hedonic; Upland rice; West Africa; Household modelling; Crop Production/Industries.
Ano: 2003 URL: http://purl.umn.edu/25804
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A Methodology for Evaluating How Product Characteristics Impact Choice in Retail Settings with Many Zero Observations: An Application to Restaurant Wine Purchase AgEcon
Durham, Catherine A.; Pardoe, Iain; Vega-H, Esteban.
An approach is developed to examine the impact of product characteristics on choice using a quantity-dependent hedonic model with retail panel data. Since panel data for individual products from retail settings can include a large number of zero sales, a modification of the zero-inflated Poisson (ZIP) regression model is proposed for estimation. Results for this model compare favorably to results for alternative hurdle and negative binomial models. An application of this methodology to restaurant wine sales produces useful results regarding sensory characteristics, price, and origin/varietal information.
Tipo: Journal Article Palavras-chave: Hedonic; Restaurant; Sensory; Wine; Zero-inflated Poisson (ZIP); Consumer/Household Economics.
Ano: 2004 URL: http://purl.umn.edu/31138
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Are Consumers Willing to Pay for Organic When the Food is Already Local? AgEcon
Connolly, Cristina; Klaiber, H. Allen.
The emergence of community supported agriculture (CSA) farms has provided a new way for small farms to remain competitive while engaging their local community through direct marketing. In this study, we report on some of the first revealed preference valuation of CSA attributes, including the willingness to pay for competing organic certification programs. Using data on the prices and attributes of 188 CSA farms spanning Ohio and Pennsylvania we estimate willingness to pay measures from both hedonic and nearest-neighbor matching methods. Results from a semi-log hedonic reveal a willingness to pay of approximately 9% for organic branding compared to natural, which translates into an additional $48 per summer season share. We also find a statistically...
Tipo: Working Paper Palavras-chave: Organic; Local; Matching; Hedonic; Community supported agriculture; Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety; Q13; Q51.
Ano: 2012 URL: http://purl.umn.edu/124364
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Are Travelers Willing to Pay a Premium to Stay at a “Green” Hotel? Evidence from an Internal Meta-Analysis of Hedonic Price Premia AgEcon
Kuminoff, Nicolai V.; Zhang, Congwen; Rudi, Jeta.
A growing number of hotels provide “green” lodging for travelers with strong environmental preferences. Twelve states have developed certification programs to regulate these claims. After describing the new market for green lodging, we use data on prices and amenities of “green” and “brown” hotels in Virginia to estimate a hedonic model of hotel room pricing. We find that travelers can expect to pay a significant premium for a standard room in a green hotel. An internal meta-analysis is used to evaluate the robustness of this result to subjective econometric modeling decisions. Our results indicate a premium between $9 and $26.
Tipo: Journal Article Palavras-chave: Green lodging; Hedonic; Hotel; Internal meta-analysis; Environmental Economics and Policy; Research Methods/ Statistical Methods.
Ano: 2010 URL: http://purl.umn.edu/95612
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Assessing the use of Geographical Indications for the New England wine region in NSW AgEcon
Chang, Hui-Shung (Christie); Campbell, Gene; Sniekers, Peter.
Geographical Indications (GIs) have increasingly been used as a marketing tool to create an image of quality and uniqueness, and so capture premium prices. Hedonic pricing studies have shown that indication of geographical origin of production (e.g. country, region, wineries, and location), can affect prices. However, Geographical Indications only work when they are backed up by quality products. The objectives of this study are to assess the potential of a proposed Geographical Indication for the emerging “"New England”" wine region in promoting local wines and to make recommendations on how that potential, if it exists, can be realised. The assessment is based on an overview of existing systems of Geographical Indications and conditions, both economic...
Tipo: Conference Paper or Presentation Palavras-chave: Geographical indication; TRIPS Agreement; Wine marketing; Hedonic; Agribusiness.
Ano: 2007 URL: http://purl.umn.edu/10414
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Conservation land acquisition lists and nearby property values: evidence from the Florida Forever programme AgEcon
Beal-Hodges, Mary.
Agencies throughout the world are implementing plans to preserve open spaces. The demand to preserve open space is often justified based on the value of the amenities associated with the land. However, many times open space is valued most for what it is not: the absence of negative externalities associated with development of the open space. Florida has the most ambitious programme for acquiring conservation land of any state or nation in the world. Using evidence from Florida, this study determines whether being added to a conservation land acquisition list affects nearby property values. The Florida Department of Environmental Protection claims that being on the list should not trigger any changes in property values. The results of the hedonic regression...
Tipo: Article Palavras-chave: Open space; Environmental economics; Property values; Hedonic; Community/Rural/Urban Development; Environmental Economics and Policy; Land Economics/Use.
Ano: 2012 URL: http://purl.umn.edu/122442
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Consumer preferences as drivers of the common bean trade in Tanzania: A marketing perspective AgEcon
Mishili, Fulgence J.; Temu, Anna A.; Fulton, Joan R.; Lowenberg-DeBoer, James.
The objective of this study was to determine the impact of bean grain quality characteristics on market price. The data was collected from retail markets in Tanzania. Hedonic pricing provides a statistical estimate of premiums and discounts. Implications for development of bean markets include: i) extension agents should identify cost-effective ways to educate producers on targeting urban market niches based on consumer preferences for varieties, ii) breeding for bruchid resistant beans and use of appropriate storage technologies would alleviate the problems of storage damage, and iii) requiring a portfolio of grain quality characteristics to fit consumer preferences in local markets.
Tipo: Journal Article Palavras-chave: Beans; Markets; Consumer preferences; Hedonic; Storage; Tanzania; Marketing; D12; Q13.
Ano: 2009 URL: http://purl.umn.edu/48658
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CONSUMER PREFERENCES AS DRIVERS OF THE COMMON BEAN TRADE IN TANZANIA: A MARKETING PERSPECTIVE AgEcon
Mishili, Fulgence J.; Temu, Anna A.; Fulton, Joan R.; Lowenberg-DeBoer, James.
The objective of this study was to determine the impact of bean grain quality characteristics on market price. The data was collected from retail markets in Tanzania. Hedonic pricing provides a statistical estimate of premiums and discounts. Implications for development of bean markets include: i) extension agents should identify cost-effective ways to educate producers on targeting urban market niches based on consumer preferences for varieties, ii) breeding for bruchid resistant beans and use of appropriate storage technologies would alleviate the problems of storage damage, and iii) requiring a portfolio of grain quality characteristics to fit consumer preferences in local markets.
Tipo: Working or Discussion Paper Palavras-chave: Beans; Markets; Consumer preferences; Hedonic; Storage; Tanzania; Consumer/Household Economics; Demand and Price Analysis; Marketing; D12; Q13.
Ano: 2009 URL: http://purl.umn.edu/48644
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CONSUMER'S SPECIE KNOWLEDGE AND THE VALUES OF NATURAL CHRISTMAS TREE CHARACTERISTICS AgEcon
Davis, George C..
Consumers' willingness to pay for natural Christmas tree characteristics are estimated. Differences in willingness to pay for characteristics by specie knowledge and lack of specie knowledge are tested. Differences in willingness to pay for characteristics by specie are also tested. The results suggests that willingness to pay measures differ by these separations of the sample and, ceteris paribus, sellers of natural Christmas trees could benefit by altering characteristics in accordance with the results of these sample separation tests.
Tipo: Journal Article Palavras-chave: Christmas trees; Hedonic; Sample separation; Demand and Price Analysis; Resource /Energy Economics and Policy.
Ano: 1993 URL: http://purl.umn.edu/15212
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Differences in Prices and Price Risk Across Alternative Marketing Arrangements Used in the Fed Cattle Industry AgEcon
Muth, Mary K.; Liu, Yanyan; Koontz, Stephen R.; Lawrence, John D..
Information on prices and price risk differences across marketing arrangements aids fed cattle producers in making choices about marketing methods. As part of the congressionally mandated Livestock and Meat Marketing Study, we investigated fed cattle price and price risk differences across marketing arrangements. The analysis uses data representing cattle purchased by 29 large beef packing plants from October 2002 through March 2005. Results indicate that marketing agreements offered the best tradeoff between price level and price risk. Forward contracts had the lowest average yet highly volatile prices. Auction barn prices were higher than other methods but also the most volatile.
Tipo: Journal Article Palavras-chave: Alternative marketing arrangements; Fed cattle; Hedonic; Price risk; Price volatility; Prices; Livestock Production/Industries; Marketing; Risk and Uncertainty.
Ano: 2008 URL: http://purl.umn.edu/36711
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Differences in Prices and Price Risk across Alternative Marketing Arrangements Used in the Fed Cattle Industry AgEcon
Muth, Mary K.; Liu, Yanyan; Koontz, Stephen R.; Lawrence, John D..
Information on typical differences in prices and price risk (as measured by the variances of prices) across marketing arrangements aids fed cattle producers in making choices about methods to use for selling fed cattle to beef packers. This information is also useful for policy discussions on merits and drawbacks of alternative marketing arrangements. As part of the congressionally mandated Livestock and Meat Marketing Study, we investigated differences in prices and price risk for fed cattle cash market and alternative marketing arrangements. The modeling approach, which is similar to a hedonic model, controls for differences in cattle quality and delivery month and accounts for the within- and across-week correlation in prices. The analysis uses a recent...
Tipo: Conference Paper or Presentation Palavras-chave: Alternative marketing arrangements; Fed cattle; Prices; Price volatility; Price risk; Hedonic.
Ano: 2007 URL: http://purl.umn.edu/37578
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Hedonic Analysis of Sustainable Food Products AgEcon
Satimanon, Thasanee; Weatherspoon, Dave D..
www.ifama.org
Tipo: Journal Article Palavras-chave: Hedonic; Sustainable; Sustainability; Eggs; Free-range; Cage-free; Agribusiness; Q13.
Ano: 2010 URL: http://purl.umn.edu/96336
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HEDONIC PRICE FUNCTIONS: GUIDANCE ON EMPIRICAL SPECIFICATION AgEcon
Kuminoff, Nicolai V.; Parmeter, Christopher F.; Pope, Jaren C..
The hedonic pricing model is widely accepted as a method for estimating the marginal willingness to pay for spatially delineated amenities. Empirical applications typically rely on one of three functional forms—linear, semi-log, and double-log—and rarely involve rigorous specification testing. This phenomenon is largely due to an influential simulation study by Cropper, Deck and McConnell (CDM) (1988) that found, among other things, that simpler linear specifications outperformed more flexible functional forms in the face of omitted variables. In the 20 years that have elapsed since their study, there have been major computational advances and significant changes in the way hedonic price functions can be estimated. The purpose of our paper is to update and...
Tipo: Conference Paper or Presentation Palavras-chave: Hedonic; Functional Form; Monte Carlo Simulation; Property Value Model; Demand and Price Analysis; Land Economics/Use; Research Methods/ Statistical Methods; Q15; Q51; Q53; C15; R52.
Ano: 2008 URL: http://purl.umn.edu/6555
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Hedonic Valuation of Ecosystem Services Using Agricultural Land Prices AgEcon
Ma, Shan.
Agriculture, an ecosystem transformed by humans for the purpose of supplying food, fiber and biofuel, can provide people a host of benefits, or ecosystem services (ES). While markets exist for farm products, many of today’s central agro-environmental policy concerns are related to ES that lack complete markets, such as regulating ES and recreational, aesthetic and cultural ES. Valuation of non-marketed ES linked to agriculture is needed to improve their utilization and efficient provision. Some ES that facilitate agricultural production or provide natural amenities can be perceived by people through various natural resources and landscapes on farmlands and surrounding areas. One indirect way to measure the value of ES is via what people pay for the lands...
Tipo: Thesis or Dissertation Palavras-chave: Agricultural land; Hedonic; Ecosystem services; Sales price; Appraisal value; GIS.; Environmental Economics and Policy; Q24; Q51; Q57..
Ano: 2010 URL: http://purl.umn.edu/59321
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Influence of Climate Variability on the Market Price of Water in the Gila-San Francisco Basin AgEcon
Pullen, Jennifer L.; Colby, Bonnie G..
Emerging water markets in the western United States have slowly developed as usage patterns have changed over time. This article develops an econometric model for the Gila-San Francisco Basin. Results indicate the market price of water has risen in response to drought and market conditions. Analysis shows a statistically significant relationship between the price and quantity of water transferred, year the transaction occurred, location where the transaction occurred, new use of the water right, and whether the transaction occurred during a drought year. Using the Standard Precipitation Index, we find negotiated prices are higher during dry years.
Tipo: Journal Article Palavras-chave: Drought; Econometrics; Hedonic; Market price; Palmer Hydrological Drought Index; Standard Precipitation Index; Water; Western United States; Resource /Energy Economics and Policy.
Ano: 2008 URL: http://purl.umn.edu/46568
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Many-to-One Matching when Colleagues Matter AgEcon
Revilla, Pablo.
This paper studies many-to-one matching market in which each agent’s preferences not only depend on the institution that hires her, but also on the group of her colleagues, which are matched to the same institution. With an unrestricted domain of preferences the non-emptiness of the core is not guaranteed. Under certain conditions on agents’ preferences, we show that two possible situations in which, at least, one stable allocation exists, emerge. The first condition, called Group Togetherness, reflects real-life situations in which agents are more concerned about an acceptable set of colleagues than about the firm hiring them. The second one, Common Best Colleague, refers to markets in which a workers’ ranking is accepted by workers and firms present...
Tipo: Working or Discussion Paper Palavras-chave: Many-to-one matching; Hedonic; Coalitions; Stability; Colleagues; Marketing; C78; D71.
Ano: 2007 URL: http://purl.umn.edu/7443
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MARGINAL PRICE OF LAKE RECREATION AND AESTHETICS: AN HEDONIC APPROACH AgEcon
Lansford, Notie H., Jr.; Jones, Lonnie L..
Efficient allocation of water requires knowledge of water's value in both consumptive and nonconsumptive uses. This study estimates the marginal value of water in lake recreational and aesthetic (RA) use. An hedonic price equation (employing the Box-Cox functional form) indicates lake front location, distance to lake, and scenic view are significant RA characteristics of housing. Water front properties command a premium price for the private access they offer. Beyond the water front, the marginal RA price falls rapidly with increasing distance, becoming asymptotic to some minimum. Twenty-two percent of housing price is found to be attributable to the RA component.
Tipo: Journal Article Palavras-chave: Aesthetic; Box-Cox; Hedonic; Housing; Lake; Nonmarket; Recreation; Water; Resource /Energy Economics and Policy.
Ano: 1995 URL: http://purl.umn.edu/15347
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MARGINAL VALUE OF QUALITY ATTRIBUTES FOR NATURAL AND ORGANIC BEEF AgEcon
Boland, Michael A.; Schroeder, Ted C..
The objective of this research is to determine the marginal value of attributes to consumers with respect to natural beef or beef produced with organic grains. A hedonic model is used to value attributes of 11 different primal cuts. Results suggest that producers under this particular natural/implant-free marketing alliance should market high-yielding animals rather than high-quality grading animals. Consumers of this beef value taste, as measured by dry aging, and leanness, as measured by USDA Select grade. The economic magnitudes of the variables under a producer's control were small relative to those that could be controlled by a processor.
Tipo: Journal Article Palavras-chave: Beef; Small farms; Hedonic; Livestock Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/15517
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Measuring the Welfare Loss to Landowners of Future Geographic Shifts In the Suitable Habitat for Vegetation Due to Climate Change AgEcon
Howard, Peter H..
Scientists predict that global warming will cause suitable habitat ranges to shift for many plant species, including blue oak in California. If proximity to particular land cover types significantly affects human welfare, any such shifts will affect household welfare, resulting in an indirect cost that is currently unaccounted for in the climate change literature. Using a hedonic pricing model, the marginal values of blue oaks and the land cover types most likely to replace them are estimated at multiple spatial scales using single family residences sold in Kern County from 1997 to 2003. In addition to the common identification problems of specification error and omitted variable bias, the variables measuring the degree of proximity of a property to...
Tipo: Conference Paper or Presentation Palavras-chave: Hedonic; Multi-scale capitalization; Housing demand; Species distribution model; Climate change; Displacement of native species; Vegetation movement; Geographic Information System (GIS); Amenity value; Land use; Consumer/Household Economics; Demand and Price Analysis; Environmental Economics and Policy; Land Economics/Use.
Ano: 2011 URL: http://purl.umn.edu/103640
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