HEDONIC PRICE ESTIMATION FOR KANSAS WHEAT CHARACTERISTICS

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.


Issue Date:
1991-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/32620
Published in:
Western Journal of Agricultural Economics, Volume 16, Number 1
Page range:
72-85
Total Pages:
14




 Record created 2017-04-01, last modified 2017-04-04

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