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A hedonic price analysis of quality characteristics of Japanese wagyu beef

Author

Listed:
  • Thomas I. Wahl

    (Agricultural Economics, Washington State University)

  • Hongqi Shi

    (Postdoctoral Research Associate, Washington State University)

  • Ron C. Mittelhammer

    (Professor of Agricultural Economics and Adjunct Professor of Statistics, Washington State University)

Abstract

Understanding the implicit valuations of beef characteristics in the Japanese market has important policy implications for the U.S. beef industry. Hedonic price analysis was used to estimate beef characteristics values in Japan. Japanese Wagyu beef auction data were used in the analysis. © 1995 by John Wiley & Sons, Inc.

Suggested Citation

  • Thomas I. Wahl & Hongqi Shi & Ron C. Mittelhammer, 1995. "A hedonic price analysis of quality characteristics of Japanese wagyu beef," Agribusiness, John Wiley & Sons, Ltd., vol. 11(1), pages 35-44.
    • Handle: RePEc:wly:agribz:v:11:y:1995:i:1:p:35-44
    DOI: 10.1002/1520-6297(199501/02)11:1<35::AID-AGR2720110105>3.0.CO;2-N
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    References listed on IDEAS

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    1. Davidson, Russell & MacKinnon, James G, 1981. "Several Tests for Model Specification in the Presence of Alternative Hypotheses," Econometrica, Econometric Society, vol. 49(3), pages 781-793, May.
    2. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
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    6. Morgan, Karen J & Metzen, Edward J & Johnson, S R, 1979. "An Hedonic Index for Breakfast Cereals," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 6(1), pages 67-75, June.
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    Citations

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    Cited by:

    1. Farrell, Terence C., 2009. "Identification of substitute groups for retail beef demand and supply equations," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 17, pages 1-10.
    2. Farrell, Terence C. & Hopkins, David L., 2007. "A hedonic Model of Lamb Carcass Attributes," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 15.
    3. Estes, Edmund A. & Smith, V. Kerry, 1996. "Price, Quality, And Pesticide Related Health Risk Considerations In Fruit And Vegetable Purchases: An Hedonic Analysis Of Tucson, Arizona Supermarkets," Journal of Food Distribution Research, Food Distribution Research Society, vol. 27(3), pages 1-18, October.
    4. Heng-Hung KUO & Li-Hsing HO & Wen-Hung LIN, 2015. "Do hog breeds matter? Investigating the price volatility in the Taiwan's auction market," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(7), pages 314-325.
    5. 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.
    6. Singh-Knights, Doolarie & Smith, Dennis K. & Knights, Marlon, 2005. "A Hedonic Analysis of Sheep and Goat Prices in a Changing Environment: The Role of Consumers and Implications for Management," 2005 Annual meeting, July 24-27, Providence, RI 19289, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Margaretha Rudstrom, 2004. "Determining Implicit Prices for Hay Quality and Bale Characteristics," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 26(4), pages 552-562.
    8. Samikwa, Duncan D. & Brorsen, B. Wade & Sanders, Larry D., 1998. "Hedonic Prices Of Malawi Burley Tobacco," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 1(1), pages 1-11.
    9. Chikako Kajikawa, 1998. "Quality level and price in Japanese apple market," Agribusiness, John Wiley & Sons, Ltd., vol. 14(3), pages 227-234.
    10. Toshihiro Okubo, 2013. "Energy-saving regulations and commodity prices," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 15(1), pages 93-132, January.
    11. Agbola, Frank W. & Kelley, Timothy G. & Bent, Martin J.M. & Rao, Partha P., 2002. "A Hedonic Price Analysis of Quality Characteristics of Chickpea in India," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 125049, Australian Agricultural and Resource Economics Society.

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