Hedonic Price Estimation For Kansas Wheat Characteristics
AbstractA hedonic price model is applied to a cross-sectional time-series data set of Kansas wheat characteristics. Results indicate that prices received by wheat producers reflect the presence of conventional quality characteristics of wheat and also milling and dough characteristics. Furthermore, the results indicate that the alternative sets of characteristics exhibit quality information that is, to some degree, independent of one another. Important conclusions regarding the efficiency of current grading and pricing practices for wheat are drawn from this analysis.
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Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.
Volume (Year): 16 (1991)
Issue (Month): 01 (July)
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- Wilson, William W., 1989. "Differentiation And Implicit Prices In Export Wheat Markets," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 14(01), July.
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