Measuring the Value of Convenience: A Hedonic Pricing Model Approach in the Market for Breakfast Sausages
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.124902
Download full text from publisher
References listed on IDEAS
- Jean Kinsey, 1983. "Working Wives and the Marginal Propensity to Consume Food Away from Home," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 10-19.
- Vicki A. McCracken & Jon A. Brandt, 1987. "Household Consumption of Food-Away-From-Home: Total Expenditure and by Type of Food Facility," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 69(2), pages 274-284.
- Siegel, Jay, 1975. "Intrametropolitan migration: A simultaneous model of employment and residential location of white and black households," Journal of Urban Economics, Elsevier, vol. 2(1), pages 29-47, January.
- Bartik, Timothy J, 1987. "The Estimation of Demand Parameters in Hedonic Price Models," Journal of Political Economy, University of Chicago Press, vol. 95(1), pages 81-88, February.
- Abelson, P. W. & Markandya, A., 1985. "The interpretation of capitalized hedonic prices in a dynamic environment," Journal of Environmental Economics and Management, Elsevier, vol. 12(3), pages 195-206, September.
- Smith, V. Kerry, 1997.
"Time and the Valuation of Environmental Resources,"
RFF Working Paper Series
dp-98-07, Resources for the Future.
- Smith, V. Kerry, 1997. "Time and the Valuation of Environmental Resources," Working Papers 97-36, Duke University, Department of Economics.
- Smith, V. Kerry, 1997. "Time and the Valuation of Environmental Resources," Discussion Papers 10485, Resources for the Future.
- Ward, Clement E. & Lusk, Jayson L. & Dutton, Jennifer M., 2008. "Implicit Value of Retail Beef Product Attributes," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 33(3), pages 1-18.
- James H. Stock & Mark W. Watson, 2008.
"Heteroskedasticity-Robust Standard Errors for Fixed Effects Panel Data Regression,"
Econometrica, Econometric Society, vol. 76(1), pages 155-174, January.
- James H. Stock & Mark W. Watson, 2006. "Heteroskedasticity-Robust Standard Errors for Fixed Effects Panel Data Regression," NBER Technical Working Papers 0323, National Bureau of Economic Research, Inc.
- Stock, James H. & Watson, Mark, 2008. "Heteroskedasticity-Robust Standard Errors for Fixed Effects Panel Data Regression," Scholarly Articles 28461843, Harvard University Department of Economics.
- Daniel S. Hamermesh, 2007.
"Time to Eat: Household Production under Increasing Income Inequality,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(4), pages 852-863.
- Hamermesh, Daniel S., 2006. "Time to Eat: Household Production under Increasing Income Inequality," IZA Discussion Papers 1965, Institute of Labor Economics (IZA).
- Daniel S. Hamermesh, 2006. "Time to Eat: Household Production Under Increasing Income Inequality," NBER Working Papers 12002, National Bureau of Economic Research, Inc.
- Daniel S. Hamermesh, 2006. "Time to Eat: Household Production Under Increasing Income Inequality," Economics Working Paper Archive wp_434, Levy Economics Institute.
- James J. Heckman & Rosa L. Matzkin & Lars Nesheim, 2010.
"Nonparametric Identification and Estimation of Nonadditive Hedonic Models,"
Econometrica, Econometric Society, vol. 78(5), pages 1569-1591, September.
- Heckman, James J. & Matzkin, Rosa & Nesheim, Lars, 2009. "Nonparametric Identification and Estimation of Nonadditive Hedonic Models," IZA Discussion Papers 4329, Institute of Labor Economics (IZA).
- James J. Heckman & Rosa L. Matzkin & Lars Nesheim, 2009. "Nonparametric Identification and Estimation of Nonadditive Hedonic Models," NBER Working Papers 15226, National Bureau of Economic Research, Inc.
- Kennedy, Peter E, 1981. "Estimation with Correctly Interpreted Dummy Variables in Semilogarithmic Equations [The Interpretation of Dummy Variables in Semilogarithmic Equations]," American Economic Review, American Economic Association, vol. 71(4), pages 801-801, September.
- Chang, Jae Bong & Lusk, Jayson L. & Norwood, F. Bailey, 2010. "The Price of Happy Hens: A Hedonic Analysis of Retail Egg Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 35(3), pages 1-18, December.
- Mendelsohn, Robert, 1984. "Estimating the Structural Equations of Implicit Markets and Household Production Functions," The Review of Economics and Statistics, MIT Press, vol. 66(4), pages 673-677, November.
- Ivar Ekeland & James J. Heckman & Lars Nesheim, 2004.
"Identification and Estimation of Hedonic Models,"
Journal of Political Economy, University of Chicago Press, vol. 112(S1), pages 60-109, February.
- Ivar Ekeland & James Heckman & Lars Nesheim, 2002. "Identification and estimation of hedonic models," CeMMAP working papers CWP07/02, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Ekeland, Ivar & Heckman, James J. & Nesheim, Lars, 2003. "Identification and Estimation of Hedonic Models," IZA Discussion Papers 853, Institute of Labor Economics (IZA).
- Ivar Ekeland & James Heckman & Lars Nesheim, 2002. "Identification and estimation of hedonic models," CeMMAP working papers 07/02, Institute for Fiscal Studies.
- Ivar Ekeland & James J. Heckman & Lars P. Nesheim, 2003. "Identification and Estimation of Hedonic Models," NBER Working Papers 9910, National Bureau of Economic Research, Inc.
- Ivar Ekeland & James J. Heckman & Lars Nesheim, 2003. "Identification and Estimation of Hedonic Models," CESifo Working Paper Series 1031, CESifo.
- Herbert Mohring, 1961. "Land Values and the Measurement of Highway Benefits," Journal of Political Economy, University of Chicago Press, vol. 69(3), pages 236-236.
- Patrick Bajari & C. Lanier Benkard, 2005. "Demand Estimation with Heterogeneous Consumers and Unobserved Product Characteristics: A Hedonic Approach," Journal of Political Economy, University of Chicago Press, vol. 113(6), pages 1239-1276, December.
- Rabe-Hesketh, Sophia & Skrondal, Anders & Pickles, Andrew, 2005. "Maximum likelihood estimation of limited and discrete dependent variable models with nested random effects," Journal of Econometrics, Elsevier, vol. 128(2), pages 301-323, October.
- Frederick C. Mills, 1927. "The Behavior of Prices," NBER Books, National Bureau of Economic Research, Inc, number mill27-1, February.
- T. S. Breusch & A. R. Pagan, 1980.
"The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 47(1), pages 239-253.
- Breusch, T.S. & Pagan, A.R., 1980. "The Lagrange multiplier test and its applications to model specification in econometrics," LIDAM Reprints CORE 412, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Carlos E. Carpio & Michael K. Wohlgenant & Charles D. Safley, 2008. "A Structural Econometric Model of Joint Consumption of Goods and Recreational Time: An Application to Pick-Your-Own Fruit," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(3), pages 644-657.
- K. E. McConnell, 1990. "Double Counting in Hedonic and Travel Cost Models," Land Economics, University of Wisconsin Press, vol. 66(2), pages 121-127.
- Daniel S. Hamermesh, 2007.
"Time to Eat: Household Production under Increasing Income Inequality,"
American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(4), pages 852-863.
- Hamermesh, Daniel S., 2007. "AJAE Appendix: Time to Eat: Household Production Under Increasing Income Inequality," American Journal of Agricultural Economics APPENDICES, Agricultural and Applied Economics Association, vol. 89(4), pages 1-8, November.
- Epple, Dennis, 1987. "Hedonic Prices and Implicit Markets: Estimating Demand and Supply Functions for Differentiated Products," Journal of Political Economy, University of Chicago Press, vol. 95(1), pages 59-80, February.
- John L. Park & Oral Capps, 1997. "Demand for Prepared Meals by U.S. Households," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(3), pages 814-824.
- Parcell, Joseph L. & Schroeder, Ted C., 2007.
"Hedonic Retail Beef and Pork Product Prices,"
Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 39(1), pages 1-18, April.
- Parcell, Joseph L. & Schroeder, T.C., 2007. "Hedonic Retail Beef and Pork Product Prices," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 39(1), pages 29-46, April.
- Caswell, Julie A., 1998.
"How Labeling Of Safety And Process Attributes Affects Markets For Food,"
Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 27(2), pages 1-8, October.
- Caswell, Julie A., 1998. "How Labeling of Safety and Process Attributes Affects Markets for Food," Agricultural and Resource Economics Review, Cambridge University Press, vol. 27(2), pages 151-158, October.
- Douglas M. Larson & Sabina L. Shaikh, 2001. "Empirical Specification Requirements for Two-Constraint Models of Recreation Choice," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(2), pages 428-440.
- H. Baltagi, Badi & Heun Song, Seuck & Cheol Jung, Byoung, 2001. "The unbalanced nested error component regression model," Journal of Econometrics, Elsevier, vol. 101(2), pages 357-381, April.
- Trajtenberg, Manuel, 1989. "The Welfare Analysis of Product Innovations, with an Application to Computed Tomography Scanners," Journal of Political Economy, University of Chicago Press, vol. 97(2), pages 444-479, April.
- White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
- Jekanowski, Mark D. & Binkley, James K. & Eales, James S., 2001. "Convenience, Accessibility, And The Demand For Fast Food," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(01), pages 1-17, July.
- Minjae Song, 2007. "Measuring consumerwelfareinthe CPU market: anapplication of the pure-characteristics demand model," RAND Journal of Economics, RAND Corporation, vol. 38(2), pages 429-446, June.
- Brian Roe & Ian Sheldon, 2007. "Credence Good Labeling: The Efficiency and Distributional Implications of Several Policy Approaches," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(4), pages 1020-1033.
- Jean-Paul Chavas & Kwansoo Kim, 2005. "Cointegration relationships and hedonic pricing of differentiated commodities: an application to price dynamics in the US dairy sector," Applied Economics, Taylor & Francis Journals, vol. 37(16), pages 1813-1827.
- Barbara J. Redman, 1980. "The Impact of Women's Time Allocation on Expenditure for Meals Away from Home and Prepared Foods," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(2), pages 234-237.
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.- Steven S. Vickner, 2015. "Estimating the Implicit Price of Convenience: A Hedonic Analysis of the US Breakfast Sausage Market," Agribusiness, John Wiley & Sons, Ltd., vol. 31(2), pages 281-292, April.
- Hamrick, Karen & Okrent, Abigail, 2014. "The Role of Time in Fast-Food Purchasing Behavior in the United States," Economic Research Report 191034, United States Department of Agriculture, Economic Research Service.
- Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2015.
"The Housing Market Impacts of Shale Gas Development,"
American Economic Review, American Economic Association, vol. 105(12), pages 3633-3659, December.
- Muehlenbachs, Lucija & Spiller, Elisheba & Timmins, Christopher, "undated". "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39-rev, Resources for the Future.
- Lucija Muehlenbachs & Elisheba Spiller & Christopher Timmins, 2014. "The Housing Market Impacts of Shale Gas Development," NBER Working Papers 19796, National Bureau of Economic Research, Inc.
- Muehlenbachs, Lucia Anna & Spiller, Elisheba & Timmins, Christopher, 2013. "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39-rev2, Resources for the Future.
- Muehlenbachs, Lucija & Spiller, Elisheba & Timmins, Christopher, 2013. "The Housing Market Impacts of Shale Gas Development," RFF Working Paper Series dp-13-39, Resources for the Future.
- Suqin Ge & João Macieira, 2024.
"Unobserved Worker Quality and Inter‐Industry Wage Differentials,"
Journal of Industrial Economics, Wiley Blackwell, vol. 72(1), pages 459-515, March.
- Ge, Suqin & Macieira, João, 2020. "Unobserved Worker Quality and Inter-Industry Wage Differentials," GLO Discussion Paper Series 491, Global Labor Organization (GLO).
- Steve Gibbons & Stephan Heblich & Esther Lho & Christopher Timmins, 2016.
"Fear of Fracking? The Impact of the Shale Gas Exploration on House Prices in Britain,"
SERC Discussion Papers
0207, Centre for Economic Performance, LSE.
- Steve Gibbons & Stephan Heblich & Esther Lho & Christopher Timmins, 2016. "Fear of Fracking? The Impact of the Shale Gas Exploration on House Prices in Britain," NBER Working Papers 22859, National Bureau of Economic Research, Inc.
- Steve Gibbons & Stephan Heblich & Esther Lho & Christopher Timmins, 2016. "Fear of Fracking: The Impact of the Shale Gas Exploration on House Prices in Britain," Bristol Economics Discussion Papers 16/671, School of Economics, University of Bristol, UK.
- Shigeru Matsumoto & Thunehiro Otsuki, 2022. "Who changed food consumption behavior after the COVID-19 pandemic? Empirical analysis of Japanese household spending panel data," Working Papers e173, Tokyo Center for Economic Research.
- Huffman, Wallace E., 2011.
"Household Production and the Demand for Food and Other Inputs: U.S. Evidence,"
Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 36(3), pages 1-23, December.
- Huffman, Wallace E., 2011. "Household Production and the Demand for Food and Other Inputs: U.S. Evidence," ISU General Staff Papers 201112010800001372, Iowa State University, Department of Economics.
- repec:hal:spmain:info:hdl:2441/4kovgv3hs883bok2tvdkibejb6 is not listed on IDEAS
- Eriksen, Michael D. & Kniesner, Thomas J. & Rohlfs, Chris & Sullivan, Ryan, 2016. "Toward more general hedonic estimation: Clarifying the roles of alternative experimental designs with an application to a housing attribute," Regional Science and Urban Economics, Elsevier, vol. 57(C), pages 54-62.
- George Davis, 2014. "Food at home production and consumption: implications for nutrition quality and policy," Review of Economics of the Household, Springer, vol. 12(3), pages 565-588, September.
- Bishop, Kelly C. & Timmins, Christopher, 2019. "Estimating the marginal willingness to pay function without instrumental variables," Journal of Urban Economics, Elsevier, vol. 109(C), pages 66-83.
- repec:spo:wpmain:info:hdl:2441/4kovgv3hs883bok2tvdkibejb6 is not listed on IDEAS
- Victor Chernozhukov & Alfred Galichon & Marc Henry & Brendan Pass, 2018.
"Single Market Nonparametric Identification of Multi-Attribute Hedonic Equilibrium Models,"
SciencePo Working papers Main
hal-01169655, HAL.
- Victor Chernozhukov & Alfred Galichon & Marc Henry & Brendan Pass, 2019. "Single market non-parametric identification of multi-attribute hedonic equilibrium models," CeMMAP working papers CWP27/19, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Victor Chernozhukov & Alfred Galichon & Marc Henry & Brendan Pass, 2018. "Single Market Nonparametric Identification of Multi-Attribute Hedonic Equilibrium Models," Working Papers hal-01169655, HAL.
- Luis Eduardo Quintero, 2014. "Housing Consumption and Prices in a Unified Metropolitan Market with Heterogeneous Preferences," 2014 Papers pqu53, Job Market Papers.
- Rohlfs, Chris & Sullivan, Ryan & Kniesner, Thomas J., 2013. "Hedonic Estimation under Very General Conditions Using Experimental and Quasi-Experimental Designs," IZA Discussion Papers 7554, Institute of Labor Economics (IZA).
- Panduro, Toke Emil & Jensen, Cathrine Ulla & Lundhede, Thomas Hedemark & von Graevenitz, Kathrine & Thorsen, Bo Jellesmark, 2018. "Eliciting preferences for urban parks," Regional Science and Urban Economics, Elsevier, vol. 73(C), pages 127-142.
- Singh, Ruchi, 2019. "Seismic risk and house prices: Evidence from earthquake fault zoning," Regional Science and Urban Economics, Elsevier, vol. 75(C), pages 187-209.
- Zhang, Nan & Mendelsohn, Robert & Shaw, Daigee, 2023. "How to Identify and Estimate the Demand for Job Safety?," MPRA Paper 118594, University Library of Munich, Germany.
- Kelly C. Bishop & Christopher Timmins, 2011. "Hedonic Prices and Implicit Markets: Estimating Marginal Willingness to Pay for Differentiated Products Without Instrumental Variables," NBER Working Papers 17611, National Bureau of Economic Research, Inc.
- Teuber, Ramona, 2010. "Estimating the Demand for Sensory Quality – Theoretical Considerations and an Empirical Application to Specialty Coffee," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 59(03), pages 1-14, September.
- von Graevenitz, Kathrine, 2018.
"The amenity cost of road noise,"
Journal of Environmental Economics and Management, Elsevier, vol. 90(C), pages 1-22.
- von Graevenitz, Kathrine, 2016. "The amenity cost of road noise," ZEW Discussion Papers 16-087, ZEW - Leibniz Centre for European Economic Research.
- Teuber, Ramona, 2010. "Estimating the Demand for Sensory Quality - Theoretical Considerations and an Empirical Application to Specialty Coffee," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 59(3), pages 173-186.
More about this item
Keywords
Environmental Economics and Policy;Statistics
Access and download statisticsCorrections
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:aaea12:124902. 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/aaeaaea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.