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Food Market Value Analysis: Product Quality Improvement, Product Origin Protection and Timing Decisions in Apple Market

Author

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  • Karipidis, Philippos I.
  • Galanopoulos, Konstantinos

Abstract

In an effective quality enhancement programme of fruit production and marketing, total quality firms must include consideration of those attributes that are important to customers. In this study the hedonic model is adopted, in order to examine the effects of product quality, region of origin and time of product availability on the price structure determination in the apple market in Greece. Results suggest increased marginal shadow values (customers' interest) for physical product quality and for product origin – particularly in the case of Volos region. There is no evidence that out-of-season time is an important factor determining product prices. Further, it is also shown that it is possible to use the hedonic analysis for the estimation of shadow value for some sales quality characteristics other than the physical ones.

Suggested Citation

  • Karipidis, Philippos I. & Galanopoulos, Konstantinos, 2000. "Food Market Value Analysis: Product Quality Improvement, Product Origin Protection and Timing Decisions in Apple Market," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 1(1), January.
  • Handle: RePEc:ags:aergaa:26411
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    References listed on IDEAS

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    1. A. Golan & H. Shalit, 1993. "Wine Quality Differentials In Hedonic Grape Pricing," Journal of Agricultural Economics, Wiley Blackwell, vol. 44(2), pages 311-321.
    2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    3. Brown, James N & Rosen, Harvey S, 1982. "On the Estimation of Structural Hedonic Price Models," Econometrica, Econometric Society, vol. 50(3), pages 765-768, May.
    4. John E. Lenz & Ron C. Mittelhammer & Hongqi Shi, 1994. "Retail-Level Hedonics and the Valuation of Milk Components," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(3), pages 492-503.
    5. Cropper, Maureen L & Deck, Leland B & McConnell, Kenneth E, 1988. "On the Choice of Functional Form for Hedonic Price Functions," The Review of Economics and Statistics, MIT Press, vol. 70(4), pages 668-675, November.
    6. B. Wade Brorsen & Warren R. Grant & M. Edward Rister, 1984. "A Hedonic Price Model for Rough Rice Bid/Acceptance Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(2), pages 156-163.
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    Cited by:

    1. Pozo, Veronica F. & Saak, Alexander E. & Hanawa-Peterson, Hikaru, 2009. "Product Origin and Reputation for Quality: the Case of Organic Foods," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49503, Agricultural and Applied Economics Association.

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