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How Determinants of Thoroughbred Stud Fees Change Over Time: A Hedonic Price Approach

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  • Hansen, Charlotte R.
  • Stowe, C. Jill
  • Saghaian, Sayed

Abstract

By the time a Thoroughbred stallion produces four crops of foals, the success of his entire breeding career is largely determined. One hundred and sixty-three Thoroughbred sires beginning their breeding careers between 2002 and 2005 are tracked for five consecutive years. Adopting a hedonic pricing method, we observe how determinants of stud fees change as new information about the sire’s quality becomes available. Results show that initially, a sire’s own racetrack performance is influential in predicting stud fees; eventually, this information becomes irrelevant as information about progeny performance (both on the racetrack and in the auction ring) is learned.

Suggested Citation

  • Hansen, Charlotte R. & Stowe, C. Jill & Saghaian, Sayed, 2018. "How Determinants of Thoroughbred Stud Fees Change Over Time: A Hedonic Price Approach," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 36(1).
    • Handle: RePEc:ags:jloagb:302476
    DOI: 10.22004/ag.econ.302476
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    Keywords

    Agribusiness; Agribusiness;

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