Hedonic Pricing of Race-Bred Yearling Quarter Horses Produced by Quarter Horse Sires and Dams

Yearling quarter horse prices are dependent upon a number of characteristics. Quantifiable genetic and macroeconomic variables for 5,295 sales from 1982-92 are used in a hedonic price model. Marginal values and discrete incremental prices are determined for 23 characteristics, 21 of which are found to be significant. The model’s fit implies it may be helpful for maximizing breeder returns. Overall, buyers pay substantial premiums if the yearling’s first dam or sire was a champion and if the sire or first dam previously produced a champion. Likewise, yearlings whose second and third dams are winners and producers of winners receive higher prices. Prices paid for fillies and older yearlings exceed those paid for clots, geldings, and younger horses.


Issue Date:
1998
Publication Type:
Journal Article
DOI and Other Identifiers:
0738-8950 (Other)
PURL Identifier:
http://purl.umn.edu/90443
Published in:
Journal of Agribusiness
Number 2
Page range:
169-185
Total Pages:
17




 Record created 2017-04-01, last modified 2017-04-26

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