Daily Hedonic Price Analysis in Cotton: An Alternative Approach for Providing Market Information
Darren Hudson,
Don Etheridge and
Jeff Brown
No 285636, 1981-1999 Conference Archive from NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management
Abstract:
Information on prices of commodities that are. differentiated by quality is important for understanding how the markets where these goods are traded operate. Hedonic price analysis provides a means to address this issue. Through econometric estimation, the overall price of a good can he disaggregated into its components. That is, the value or "price" of a quality attribute can he estimated through econometric analysis. This allows one to disaggregate the observed (aggregated) price of the product into its component parts based on the different levels of quality of the commodity. The hedonic approach has been well-established for some time, but it has not previously been applied to the daily analysis and reporting of prices.
Keywords: Marketing (search for similar items in EconPapers)
Date: 1995-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nc8191:285636
DOI: 10.22004/ag.econ.285636
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