IDEAS home Printed from https://ideas.repec.org/a/ags/jlaare/30940.html
   My bibliography  Save this article

Market Windows And Hedonic Price Analyses: An Application To The Apple Insdustry

Author

Listed:
  • Tronstad, Russell
  • Huthoefer, Lori Stephens
  • Monke, Eric A.

Abstract

Marketing concepts associated with quality, location, and time are integrated into a complete model, revealing the linkages between market window approaches and hedonic analysis. An integrated hedonic price model for the U.S. apple industry was estimated. Results suggested that size, storage method, grade, and seasonality are the most important influences on the price of apples. Area of apple origin and variety were the least important influences on apple prices, with the exception of the Granny Smith variety.

Suggested Citation

  • Tronstad, Russell & Huthoefer, Lori Stephens & Monke, Eric A., 1992. "Market Windows And Hedonic Price Analyses: An Application To The Apple Insdustry," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(2), pages 1-9, December.
  • Handle: RePEc:ags:jlaare:30940
    DOI: 10.22004/ag.econ.30940
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/30940/files/17020314.pdf
    Download Restriction: no

    File URL: https://libkey.io/10.22004/ag.econ.30940?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Colette, W. Arden & Wall, G. Bryan, 1978. "Evaluating Vegetable Production For Market Windows As An Alternative For Limited Resource Farmers," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(2), pages 1-5, December.
    2. Ethridge, Don E. & Neeper, Jarral T., 1987. "Producer Returns From Cotton Strength And Uniformity: An Hedonic Price Approach," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 19(1), pages 1-7, July.
    3. 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.
    4. Fisher, Gordon R. & McAleer, Michael, 1981. "Alternative procedures and associated tests of significance for non-nested hypotheses," Journal of Econometrics, Elsevier, vol. 16(1), pages 103-119, May.
    5. Collette, Ardea & Wall, G. Brian, 1978. "Is Production For Market Windows A Viable Alternative For Limited Resource Farmers," 1978 Annual Meeting, August 6-9, Blacksburg, Virginia 284201, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74(2), pages 132-132.
    7. Lucas, Robert E B, 1975. "Hedonic Price Functions," Economic Inquiry, Western Economic Association International, vol. 13(2), pages 157-178, June.
    8. Colette, W. Arden & Wall, G. Brian, 1978. "Evaluating Vegetable Production for Market Windows as an Alternative for Limited Resource Farmers," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 10(2), pages 189-193, December.
    9. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kim, Changhee & Chung, Chanjin, 2011. "Hedonic Analysis of Retail Egg Prices Using Store Scanner Data: An Application to the Korean Egg Market," Journal of Food Distribution Research, Food Distribution Research Society, vol. 42(3), pages 1-14, November.
    2. Dila Ikiz & R. Karina Gallardo & Amit Dhingra & Seanna Hewitt, 2018. "Assessing consumers’ preferences and willingness to pay for novel sliced packed fresh pears: A latent class approach," Agribusiness, John Wiley & Sons, Ltd., vol. 34(2), pages 321-337, March.
    3. Kariuki, Isaac Maina & Loy, Jens-Peter & Herzfeld, Thomas, 2012. "Farmgate Private Standards and Price Premium: Evidence From the GlobalGAP Scheme in Kenya's French Beans Marketing," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 28(1), pages 42-53.
    4. Smed, Sinne & Hansen, Lars Garn, 2018. "Consumer Valuation of Health Attributes in Food," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(2), May.
    5. R. Karina Gallardo & Huixin Li & Vicki McCracken & Chengyan Yue & James Luby & James R. McFerson, 2015. "Market Intermediaries’ Willingness to Pay for Apple, Peach, Cherry, and Strawberry Quality Attributes," Agribusiness, John Wiley & Sons, Ltd., vol. 31(2), pages 259-280, April.
    6. Hossain, Afjal & Badiuzzaman,, 2021. "Hedonic prices for the fruit market in Bangladesh: Lessons from guava and hog plum purchase decisions," Journal of Retailing and Consumer Services, Elsevier, vol. 62(C).
    7. He, Chenyi & Gao, Zhifeng & House, Lisa & Guan, Zhengfei, 2016. "Impact of Sensory Quality and Labels on Consumer Preference of Fresh Strawberries," 2016 Annual Meeting, February 6-9, 2016, San Antonio, Texas 230122, Southern Agricultural Economics Association.
    8. 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.
    9. Trestini, Samuele & Giampietri, Elisa & Szathvary, Serena & Dal Bianco, Andrea, 2018. "Insights on the Alleged Imitation of Prosecco Wine Name: The Case of the German Market," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 9(4), August.
    10. Richards, Timothy J. & Jeffrey, Scott R., 1995. "Hedonic Pricing of Dairy Bulls - An Alternative Index of Genetic Merit," Project Report Series 24035, University of Alberta, Department of Resource Economics and Environmental Sociology.
    11. Gallardo, R. Karina & Li, Huixin & Yue, Chengyan & Luby, James & McFerson, James R. & McCracken, Vicki, 2015. "Market Intermediaries’ Ratings of Importance for Rosaceous Fruits’ Quality Attributes," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(4), pages 1-34, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Tronstad, Russell, 1995. "Importance Of Melon Type, Size, Grade, Container, And Season In Determining Melon Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(1), pages 1-10, July.
    2. Prevatt, J. Walter & Bauer, Larry L. & Kaiser, Eddie H. & Rathwell, P. James, 1992. "Measuring The Effect Of Capital Structure And Seasonality On Expected Returns And Risk: The Fresh Market Vegetable Case," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(1), pages 1-8, July.
    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.
    4. Richards, Timothy J. & Jeffrey, Scott R., 1995. "Hedonic Pricing of Dairy Bulls - An Alternative Index of Genetic Merit," Project Report Series 24035, University of Alberta, Department of Resource Economics and Environmental Sociology.
    5. Henneberry, Shida Rastegari & Kang, Taehoon, 1992. "Potential Markets For Oklahoma Produce: A Market Window Analysis," Journal of Food Distribution Research, Food Distribution Research Society, vol. 23(3), pages 1-18, September.
    6. Hemachandra, Dilini & Kodithuwakku, Sarath S., 2006. "Business Orientation among Poor Dry Zone Farmers in Sri Lanka," Sri Lankan Journal of Agricultural Economics, Sri Lanka Agricultural Economics Association (SAEA), vol. 8, pages 1-19.
    7. Dalton, Timothy J., 2004. "A household hedonic model of rice traits: economic values from farmers in West Africa," Agricultural Economics, Blackwell, vol. 31(2-3), pages 149-159, December.
    8. Hinson, Roger A. & Lee, John G. & Huh, Mooyul, 1990. "Evaluation Of Selected Fresh Vegetable Terminal Markets: A Stochastic Dominance Approach," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(2), pages 1-10, December.
    9. Farmer, Douglas L. & Alipoe, Dovi & Hughes, Carl R., 2000. "Terminal Market Windows For Mississippi Small-Farm Vegetable Producers," Journal of Food Distribution Research, Food Distribution Research Society, vol. 31(1), pages 1-6, March.
    10. Adrian, John L., Jr. & Upshaw, Cran & Mook, Richard, 1989. "Evaluation Of Feasibility Of Fruit And Vegetable Crops Using Market Window Analysis," Journal of Food Distribution Research, Food Distribution Research Society, vol. 20(1), pages 1-11, February.
    11. 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, Cambridge University Press, vol. 27(2), pages 409-422, December.
    12. Lee, Jung-Hee & Brorsen, B. Wade, 1994. "Effect Of Risk Aversion On Feeder Cattle Prices," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 26(2), pages 1-7, December.
    13. Islam, S.M. Fakhrul & Jabbar, Mohammad A., 2010. "Consumer preferences and demand for livestock products in urban Bangladesh," Research Reports 97972, International Livestock Research Institute.
    14. M.A. Jabbar, 1998. "Buyer preferences for sheep and goats in southern Nigeria: A hedonic price analysis," Agricultural Economics, International Association of Agricultural Economists, vol. 18(1), pages 21-30, January.
    15. Smed, Sinne & Hansen, Lars Garn, 2018. "Consumer Valuation of Health Attributes in Food," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(2), May.
    16. McVey, Marty Jay, 1996. "Valuing quality differentiated grains from a total logistics perspective," ISU General Staff Papers 1996010108000012326, Iowa State University, Department of Economics.
    17. Laurian J. Unnevehr & Fatoumata C. Gouzou, 1998. "Retail premiums for honey characteristics," Agribusiness, John Wiley & Sons, Ltd., vol. 14(1), pages 49-54.
    18. Hyberg, Bengt & Uri, Noel D. & Oliveira, Valencia, 1996. "The quality characteristics of Japanese soybean imports," Japan and the World Economy, Elsevier, vol. 8(1), pages 81-98, March.
    19. Zvi Griliches, 1991. "Hedonic Price Indexes and the Measurement of Capital and Productivity: Some Historical Reflections," NBER Chapters, in: Fifty Years of Economic Measurement: The Jubilee of the Conference on Research in Income and Wealth, pages 185-206, National Bureau of Economic Research, Inc.
    20. Shongwe, M.A. & Jooste, Andre & Hugo, A. & Alemu, Zerihun Gudeta & Pelser, A., 2007. "Will consumers pay less for fat on beef cuts? The case in Bloemfontein, South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 46(4), pages 1-19, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jlaare:30940. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/waeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.