scholarly journals Hedonic price analysis of the quality characteristics of Anatolian hard red wheat

2014 ◽  
Vol 60 (No. 10) ◽  
pp. 469-478
Author(s):  
S. Karaman ◽  
F. Yavuz
Keyword(s):  
Protein Content ◽  
Quality Characteristics ◽  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model ◽  
Data Set ◽  
Commodity Exchange ◽  
Hedonic Price Analysis ◽  
Price Increases ◽  
Price Analysis

The study analyses the relations between the quality characteristics and price of the Anatolian Hard Red Wheat. It uses a data set consisting of the price and eight quality characteristics of the Anatolian Hard Red Wheat traded in spot transaction in each month of 2011 in the Polatli Commodity Exchange. Marginal implicit values of the quality characteristics of the Anatolian Red Hard Wheat traded in the spot market of the Polatli Commodity Exchange are determined through the hedonic price model. This model is estimated from the linear-log functional form. Results of the hedonic price model demonstrate that the quality characteristics, which are statistically significant in the determination of price, namely, the protein content, the hectolitre weight, and the grain content damaged by pests and wheat bugs, are important factors in the purchasing decisions of flour millers. As the protein content and the hectolitre weight of wheat increase by 1%, the price increases by TL 0.005 and TL 0.006, respectively. As the grain content damaged by pests and wheat bugs increases by 1%, the price of wheat drops by TL 0.0002. These marginal implicit values are expected to encourage wheat producers to produce the higher quality wheat.  

scholarly journals Fruit Quality Characteristics Influence Prices Received for Processing Apples

HortScience ◽  
1993 ◽  
Vol 28 (11) ◽  
pp. 1125-1128 ◽  
Author(s):  
Jayson K. Harper ◽  
George M. Greene
Keyword(s):  
Apple Scab ◽  
Fruit Size ◽  
Quality Characteristics ◽  
Quality Data ◽  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model ◽  
Quality Factors ◽  
Price Discounts ◽  
Apple Cultivars

This study quantifies the discounts and premiums associated with various quality factors for processing apples (Malus domestica Borkh.). Discounts and premiums were estimated using a hedonic price model and quality data from a total of 137 samples representing three processing apple cultivars (45 `York Imperial', 43 `Rome Beauty', and 49 `Golden Delicious'). Price discounts in the sample were statistically significant for fruit size, bruising, bitter pit, decay, misshapen apples, and internal breakdown. Commonly cited defects, such as insect damage and apple scab, did not cause significant price discounts.

Hedonic Analysis of Impacts of Traffic Volumes on Property Values

2005 ◽  
Vol 1924 (1) ◽  
pp. 69-75 ◽  
Author(s):  
Kazuya Kawamura ◽  
Shruti Mahajan
Keyword(s):  
Property Values ◽  
Model Specification ◽  
Hedonic Price ◽  
Property Value ◽  
Passenger Cars ◽  
Data Set ◽  
Hedonic Price Analysis ◽  
Traffic Characteristics ◽  
Traffic Volumes ◽  
Price Analysis

This research attempts to quantify the cumulative impacts of vehicle traffic, both passenger cars and trucks, by using the hedonic price analysis of the relationship between property values and the traffic along selected arterial corridors in Chicago, Illinois. The traffic characteristics are derived from the traffic counts data obtained from the City of Chicago and include average daily traffic, maximum daily peak, and nighttime volumes, calculated separately for trucks and for total traffic. Autoregressive models, with assessed property value as the dependent variable and traffic characteristics along with other determinants of property value as the independent variables, are constructed. The models include a spatial-lag term to control for the spatial autocorrelation and are estimated using the two-stage least squares. The regression results from the final models suggest that although the characteristics for total traffic have modest but statistically significant impact on property values, the traffic characteristics for trucks are statistically insignificant. Also, the strong evidence of spatial dependence in the data set underscores the importance of paying close attention to the model specification and controlling the autocorrelation in the hedonic price analysis.

scholarly journals Demand for Sweetpotato Quality Using the Hedonic Price Model in Northwestern Leyte

2003 ◽  
Vol 3 (1) ◽  
pp. 1-15
Author(s):  
Merlita Veloso, ◽  
◽  
Jose Alkuino
Keyword(s):  
Low Income ◽  
Starch Content ◽  
Quality Characteristics ◽  
Economic Importance ◽  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model ◽  
Rural Consumers ◽  
Implicit Prices ◽  
Low Income Consumers

Research conducted to estimate implicit prices of sweetpotato using the Hedonic Price Model revealed that consumers attach economic importance to sweetpotato quality. Both urban and rural consumers were responsive to changes in quality characteristics. The price paid by rural consumers is affected significantly by age of consumers and quality charactersitics such as color, shape and starch content. The price paid by urban consumers is strongly influenced by color, shape, protien, starch, sugar and fiber content of sweetpotatoes. Among income classes, low income consumers were more discriminating than high-income consumers.

scholarly journals Factors Determining the Prices of Thai silk: A Hedonic Price Analysis

2018 ◽  
Vol 4 (2) ◽  
pp. 204
Author(s):  
Pacharaporn Supavitarn ◽  
Apichaya Lilavanichakul
Keyword(s):  
Business Model ◽  
Positive Impact ◽  
Distribution Channel ◽  
Hedonic Price Model ◽  
Silk Fabric ◽  
Hedonic Price ◽  
Price Model ◽  
Factors Affecting ◽  
Differentiation Strategy ◽  
Hedonic Price Analysis

This paper aims to analyze factors determining the prices of Thai silk products by using the hedonic price model. A quantitative and qualitative approach were used to obtain the data of silk products. Findings from statistical estimated coefficients indicated that many factors were importance to Thai silk producers and related to consumers willing to pay for a premium price for some attributes. The results showed that the location of retail store, types of business model, and online distribution channel were factors affecting to price setting with a positive impact. The negative factors determining the prices were normal silk fabric (without the Royal peacock logo) and the variety of the product. The outcomes suggest that producers of Thai silk fabric should use the location of store, the business model, and the distribution channel as advantages of a product differentiation strategy to adding value to silk products. Keywords: Royal Peacock Brand; Thai Silk; Hedonic Price Model; Utility

Investigating Green Marketing Implementation with the Hedonic Price Model in Residential Projects: The Case of Istanbul

2021 ◽  
Vol 8 (1) ◽  
pp. 85-100
Author(s):  
Ahmet Tuz ◽  
◽  
Begum Sertyesilisik ◽  
◽  
Keyword(s):  
Value Creation ◽  
Structural Characteristics ◽  
Green Marketing ◽  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model ◽  
Price Increases ◽  
Marketing Implementation ◽  
Residential Projects ◽  
Total Price

The strategic importance of green marketing (GM) in value creation for the end customer (VCEC) and the contribution of the spatial and structural characteristics of a residential project (RP) to the final price have been acknowledged in the literature. However, GM features that can lead to price increases have not been evaluated from the VCEC perspective. This study examines the impacts of GM strategies on RPs. This study applies Hedonic Price Modelling to newly built RPs in Istanbul and evaluates the results from the perspective of the Attractive Quality Attributes Theory. The results showed that the total price of the RPs was affected more by design-related sustainable features of RPs and revealed that there is a relationship between GM and sustainable design. The study highlights the importance of GM, which companies can use to operate effectively in a competitive market and increase the satisfaction of end customers through value creation. The study’s findings can be considered useful information for policies on creating a sustainable built environment.

E-commerce retail of extra virgin olive oil: an hedonic analysis of Italian SMEs supply

2014 ◽  
Vol 116 (10) ◽  
pp. 1600-1617 ◽  
Author(s):  
Domenico Carlucci ◽  
Bernardo De Gennaro ◽  
Luigi Roselli ◽  
Antonio Seccia
Keyword(s):  
Olive Oil ◽  
Business Model ◽  
Virgin Olive Oil ◽  
Quality Attributes ◽  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model ◽  
Data Set ◽  
Content Type ◽  
Virtual Stores

Purpose – The purpose of this paper is to analyse the relationship between the price of extra virgin olive (EVO) oil and its main quality attributes, in the specific case of business-to-consumers electronic commerce (B2C EC) channel. The final objective is to provide useful insights for small and medium-sized enterprises (SMEs) interested in online selling of EVO. Design/methodology/approach – A hedonic price model was estimated considering the following attributes: packaging, cultivar composition, organic certification, oil extraction method, origin certification and localization of selling firms. A survey was performed in 2012 considering 169 virtual stores of SMEs (farms, mills and bottlers) located in all the main Italian olive-growing areas. A data set of 667 references was used to estimate the implicit prices of considered attributes. Findings – The EVOs sold through virtual stores are highly differentiated on the basis of several quality attributes among which the most important is the certification of origin (protected denominations of origin/protected geographical indication). Therefore the firm location could generate considerable advantages or disadvantages in adopting a B2C EC strategy. Research limitations/implications – Future researches should develop a comparison between the premium prices and costs associated to each attribute in order to find the best product differentiation strategy. An accurate analysis about the implementation and management costs of EC systems as well as an examination of interactions between online and offline sale channels is needed. It would be useful to compare the manufacturer direct sell business model with other business model. Originality/value – Few studies applied the hedonic price model to analyse the retail olive oil market. Nevertheless, no studies have analysed the market of EVO sold in virtual shops.

Hedonic Price Model

2014 ◽  
pp. 2834-2837
Author(s):  
José-María Montero ◽  
Gema Fernández-Avilés
Keyword(s):  
Hedonic Price Model ◽  
Hedonic Price ◽  
Price Model
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