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Hedonic Price Estimation For Kansas Wheat Characteristics

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  • Espinosa, Juan Andres
  • Goodwin, Barry K.

Abstract

A 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.

Suggested Citation

  • 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(01), pages 1-14, July.
    • Handle: RePEc:ags:wjagec:32620
    DOI: 10.22004/ag.econ.32620
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    File URL: https://ageconsearch.umn.edu/record/32620/files/16010072.pdf
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    References listed on IDEAS

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    5. George W. Ladd & Veraphol Suvannunt, 1976. "A Model of Consumer Goods Characteristics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(3), pages 504-510.
    6. Michele M. Veeman, 1987. "Hedonic Price Functions for Wheat in the World Market: Implications for Canadian Wheat Export Strategy," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 35(3), pages 535-552, November.
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