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Hedonic Price Estimation For Kansas Wheat Characteristics

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  • Espinosa, Juan Andres
  • Goodwin, Barry K.

Abstract

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.

Suggested Citation

  • Espinosa, Juan Andres & Goodwin, Barry K., 1991. "Hedonic Price Estimation For Kansas Wheat Characteristics," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(1), pages 1-14, July.
    • Handle: RePEc:ags:wjagec:32620
    DOI: 10.22004/ag.econ.32620
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    References listed on IDEAS

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    4. Hausman, Jerry, 2015. "Specification tests in econometrics," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 38(2), pages 112-134.
    5. Wilson, William W., 1989. "Differentiation And Implicit Prices In Export Wheat Markets," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 14(1), pages 1-11, July.
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    7. Michele M. Veeman, 1987. "Hedonic Price Functions for Wheat in the World Market: Implications for Canadian Wheat Export Strategy," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 35(3), pages 535-552, November.
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