IDEAS home Printed from https://ideas.repec.org/a/wly/agribz/v11y1995i1p35-44.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    References listed on IDEAS

    as
    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..
    3. Ladd, George W & Zober, Martin, 1977. "Model of Consumer Reaction to Product Characteristics," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 4(2), pages 89-101, Se.
    4. Bierens, Herman J, 1990. "A Consistent Conditional Moment Test of Functional Form," Econometrica, Econometric Society, vol. 58(6), pages 1443-1458, November.
    5. George W. Ladd & Veraphol Suvannunt, 1976. "A Model of Consumer Goods Characteristics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 58(3), pages 504-510.
    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.
    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. 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(01), 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.

    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. 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.
    2. Brockmeier, M., 1991. "Entwicklung und Aufhebung von Reinheitsgeboten im Nahrungsmittelbereich – Analyse und Bewertung," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 27.
    3. Sen, Soma, 1992. "The effect of health information on the implicit prices of nutrients," ISU General Staff Papers 1992010108000018138, Iowa State University, Department of Economics.
    4. Ravenswaay, Eileen O. van, 1987. "How Much Food Safety Do Consumers Want? An Analysis of Current Studies and Strategies for Future Research," Staff Paper Series 200936, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    5. Margoluis, Amy & Tilley, Daniel S., 1982. "Implicit Prices for Juice and Drink Characteristics," 1982 Annual Meeting, August 1-4, Logan, Utah 279200, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. David M. Brasington & Diane Hite, 2005. "Demand for Environmental Quality: A Spatial Hedonic Approach," Departmental Working Papers 2005-08, Department of Economics, Louisiana State University.
    7. DESBOIS, Dominique, 2015. "La qualité du lait a-t-elle un prix ? Une estimation hédonique de la valeur des attributs spécifiques du lait de vache," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement (RAEStud), Institut National de la Recherche Agronomique (INRA), vol. 96(3), September.
    8. Silva João M. C. Santos & Tenreyro Silvana & Windmeijer Frank, 2015. "Testing Competing Models for Non-negative Data with Many Zeros," Journal of Econometric Methods, De Gruyter, vol. 4(1), pages 29-46, January.
    9. Eric Nazindigouba KERE & Johanna CHOUMERT & Amandine Loyal LARÉ-DONDARINI, 2014. "The impact of water and sanitation access on housing values: The case of Dapaong, Togo," Working Papers 201403, CERDI.
    10. Majumdar, Deepa, 1988. "An analysis of the impacts of household size and composition on food expenditure in Haiti," ISU General Staff Papers 198801010800009867, Iowa State University, Department of Economics.
    11. Brockmeier, M., 1992. "Qualität als Bestimmungsgrund für den Handel mit Ernährungsgütern," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 28.
    12. Leschewski, Andrea & Weatherspoon, Dave D. & Kuhns, Annemarie, 2016. "A Segmented Hedonic Analysis of the Nutritional Composition of Fruit Beverages," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(3), pages 1-22, August.
    13. Xu, Feng & Mittelhammer, Ron C. & Barkley, Paul W., 1991. "The Effects Of Parcel Characteristics On The Value Of Agricultural Land In Washington State," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271078, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. Manuel Landajo & Celia Bilbao & Amelia Bilbao, 2012. "Nonparametric neural network modeling of hedonic prices in the housing market," Empirical Economics, Springer, vol. 42(3), pages 987-1009, June.
    15. Eastwood, David B. & Brooker, John R. & Terry, Danny E., 1986. "Household Nutrient Demand: Use Of Characteristics Theory And A Common Attribute Model," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(2), pages 1-12, December.
    16. Alessandro Bonanno, 2016. "A Hedonic Valuation of Health and Nonhealth Attributes in the U.S. Yogurt Market," Agribusiness, John Wiley & Sons, Ltd., vol. 32(3), pages 299-313, July.
    17. Laura Andersen & Sinne Smed, 2013. "What is it consumers really want, and how can their preferences be influenced? The case of fat in milk," Empirical Economics, Springer, vol. 45(1), pages 323-347, August.
    18. Rimal, Arbindra & Perkins, Tommy & Paschal, Joe C., 2003. "Relationship Between Attributes Of Beef Cattle Raised Using Ultrasound Technology And Prices Received At The Packers: A Hedonic Price Analysis," 2003 Annual meeting, July 27-30, Montreal, Canada 22090, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    19. Kasparis, Ioannis & Phillips, Peter C.B., 2012. "Dynamic misspecification in nonparametric cointegrating regression," Journal of Econometrics, Elsevier, vol. 168(2), pages 270-284.
    20. Bimbo, Francesco & Bonanno, Alessandro & Viscecchia, Rosaria & Nardone, Gianluca, 2014. "Market valuation of health claims’ types and strength: the Italian yogurt market," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182738, European Association of Agricultural Economists.

    More about this item

    Statistics

    Access and download statistics

    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:wly:agribz:v:11:y:1995:i:1:p:35-44. 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: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1520-6297 .

    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.