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Textile Manufacturers' Market Valuation Of Cotton Fiber Attributes

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  • Chen, Changping
  • Ethridge, Don E.
  • Fletcher, Stanley M.

Abstract

This study provides an analysis of the price-quality relationships of U.S. cotton using primary data collected from textile manufacturers, the end users of fiber. Hedonic prices of fiber attributes are estimated for three production regions - West, South Central, and South - over the 1992-95 study period. Results indicate that cotton price is determined by quality attributes and nonquality factors in the end-use market. There are similarities and differences in valuation of fiber attributes based on region of origin of the cotton.

Suggested Citation

  • Chen, Changping & Ethridge, Don E. & Fletcher, Stanley M., 1997. "Textile Manufacturers' Market Valuation Of Cotton Fiber Attributes," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 29(1), pages 1-11, July.
    • Handle: RePEc:ags:joaaec:15539
    DOI: 10.22004/ag.econ.15539
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    References listed on IDEAS

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    1. Brown, Jeff E. & Ethridge, Don E. & Hudson, Darren & Engels, Carlos, 1995. "An Automated Econometric Approach For Estimating And Reporting Daily Cotton Market Prices," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 27(2), pages 1-14, December.
    2. George T. Chiou & Dean T. Chen & Oral Capps, 1993. "A Structural Investigation of Biotechnological Impacts on Cotton Quality and Returns," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(2), pages 467-478.
    3. Espinosa, Juan Andres & Goodwin, Barry K., 1991. "Hedonic Price Estimation For Kansas Wheat Characteristics," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(1), pages 1-14, July.
    4. Ethridge, Don E., 1978. "A Computerized Remote-Access Commodity Market: Telcot," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 10(2), pages 177-182, December.
    5. Ethridge, Don E. & Davis, Bob, 1982. "Hedonic Price Estimation For Commodities: An Application To Cotton," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(2), pages 1-8, December.
    6. Ethridge, Don E. & Neeper, Jarral T., 1987. "Producer Returns from Cotton Strength and Uniformity: An Hedonic Price Approach," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 19(1), pages 91-98, July.
    7. Brown, Jeff E. & Ethridge, Don E., 1995. "Functional Form Model Specification: An Application to Hedonic Pricing," Agricultural and Resource Economics Review, Cambridge University Press, vol. 24(2), pages 166-173, October.
    8. Brown, Jeff E. & Ethridge, Don E., 1995. "Functional Form Model Specification: An Application To Hedonic Pricing," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 24(2), pages 1-8, October.
    9. Darren Hudson & Don Ethridge & Jeff Brown, 1996. "Producer prices in cotton markets: Evaluation of reported price information accuracy," Agribusiness, John Wiley & Sons, Ltd., vol. 12(4), pages 353-362.
    10. Ethridge, Don E., 1978. "A Computerized Remote-Access Commodity Market: Telcot," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(2), pages 1-6, December.
    11. 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. Lyford, Conrad P. & Jung, Sangnyeol & Ethridge, Don E., 2004. "Mill-Level Price Estimates For U.S. Cotton Quality," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34644, Southern Agricultural Economics Association.
    2. Zhigang WANG & Shi ZHENG & H. Holly WANG & S. LIANG, 2010. "Determinants of agricultural chemical price in China's export-oriented vegetable production area," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 56(1), pages 32-42.
    3. N. Koffi Amegbeto & Victor M. Manyong & Ousmane Coulibaly & Robert Asiedu, 2008. "Estimating market demand for fresh yam characteristics using contingent valuation: implications for crop breeding and production choices," Agricultural Economics, International Association of Agricultural Economists, vol. 39(3), pages 349-363, November.

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