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

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  • 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
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    References listed on IDEAS

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    2. 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.
    3. 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.
    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. 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.
    7. 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.
    8. 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.
    9. 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.
    10. 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.
    11. 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).

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