Retail-Level Hedonics and the Valuation of Milk Components

John E. Lenz, Ron Mittelhammer () and Hongqi Shi

American Journal of Agricultural Economics, 1994, vol. 76, issue 3, 492-503

Abstract: A retail-level hedonic model for analyzing the value of milk components contained in aggregate dairy product commodities is developed and applied to household food consumption survey data. The findings support Perrin's conjecture that a hedonic approach applied at the retail level can be used to value milk components. Milk component values are found to be a function of household sociodemographic variables. The sample-weighted average implicit fat value estimate was very similar to values published in two of three previous component value analyses in the Journal, but protein values were significantly different.

Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:76:y:1994:i:3:p:492-503.

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