Estimating how quality characteristics and marketing services affect alfalfa hay prices
Contributions to Nevada alfalfa hay prices of physical measures of quality, marketing services and terms of sale were estimated using regression analysis. Data was obtained from a 1980 survey of Nevada alfalfa producers. Factors associated with higher protein content and more digestible matter per unit of weight had statistically significant positive effects on prices. Alfalfa hay prices are also significantly affected by marketing services (i.e., processing, transportation, and membership in hay grower cooperatives) and variations in terms of sale. Overall, about 52% of the differences in prices received were explained by 15 explanatory variables.
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Volume (Year): 4 (1988)
Issue (Month): 2 ()
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- 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..
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- Lucas, Robert E B, 1975. "Hedonic Price Functions," Economic Inquiry, Western Economic Association International, vol. 13(2), pages 157-178, June.
- 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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