PRICE DETERMINANTS OF SHOW QUALITY QUARTER HORSES

Mykel Taylor, Kevin Dhuyvetter (), Terry L. Kastens, Megan Douthit and Thomas Marsh

No 36199, 2004 Annual Meeting, June 30-July 2, 2004, Honolulu, Hawaii from Western Agricultural Economics Association

Abstract: This study estimates the price determinants of show quality Quarter Horses sold at auction. Several characteristics including genetic and physical traits, the quality of pedigree, and the sale order affect price. Sale price is positively affected by a strong performance record of the horse as well as the performance record of the horse's offspring. A common practice at horse auctions is for the seller to reject the final bid offered and not sell the horse. The market prices predicted by the model for these horses indicate that they are not undervalued by the final bids, based on their characteristics.

Keywords: Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 26
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeaho:36199

DOI: 10.22004/ag.econ.36199

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