Daily Hedonic Price Analysis in Cotton: An Alternative Approach for Providing Market Information

Date

1995

Authors

Brown, Jeff
Ethridge, Don
Hudson, Darren

Journal Title

Journal ISSN

Volume Title

Publisher

NCR-134

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.

Description

Keywords

Citation

Hudson, D., D. Etheridge, and J. Brown. 1995. "Daily Hedonic Price Analysis in Cotton: An Alternative Approach for Providing Market Information." Proceedings of the NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. Chicago,IL.