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Hedonic Prices for Fish: Tuna Prices in Hawaii

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Author Info
 McConnell, Kenneth E
Strand, Ivar E

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Abstract

Over the past two decades, the marketing of fish has recognized the importance of quality. Yet empirical analysis of market transactions could give us little insight into the value of different qualities of fish because market data are typically aggregated. We exploit a dataset on the auction price of tuna sold in Hawaii to estimate a hedonic model. The model provides empirical estimates of price increments due to species, quality of the fish such as size or fat content, method of handling, and market conditions. The empirical results are also used to estimate price flexibilities for landings in Hawaii. Copyright 2000 by American Agricultural Economics Association

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Article provided by American Agricultural Economics Association in its journal American Journal of Agricultural Economics.

Volume (Year): 82 (2000)
Issue (Month): 1 (February)
Pages: 133-44
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Handle: RePEc:bla:ajagec:v:82:y:2000:i:1:p:133-44

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  1. R. Quentin Grafton & Sonia Akter & Tom Kompas, 2009. "Guide to the ex-ante socio-economic evaluation of marine protected areas," Environmental Economics Research Hub Research Reports 0927, Environmental Economics Research Hub, Crawford School, Australian National University. [Downloadable!]
  2. Roheim, Cathy A. & Gardiner, Lacey & Asche, Frank, 2007. "Value of Brands and Other Attributes: Hedonic Analysis of Retail Frozen Fish in the UK," Marine Resource Economics, Marine Resources Foundation, vol. 22(3). [Downloadable!]
  3. Fleischer, Aliza & Tchetchik, Anat, 2002. "Is agriculture an important componenet of rural tourism?," ERSA conference papers ersa02p065, European Regional Science Association. [Downloadable!]
  4. Kristofersson, Dadi & Rickertsen, Kyrre, 2003. "Efficient Estimation Of Hedonic Inverse Input Demand Systems," 2003 Annual meeting, July 27-30, Montreal, Canada 21926, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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  5. Sherry Larkin & Gil Sylvia, 2004. "Generating Enhanced Fishery Rents by Internalizing Product Quality Characteristics," Environmental & Resource Economics, European Association of Environmental and Resource Economists, vol. 28(1), pages 101-122, May. [Downloadable!] (restricted)
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