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dc.creatorChen, Changping
dc.date.available2011-02-18T18:57:49Z
dc.date.issued1995-08
dc.identifier.urihttp://hdl.handle.net/2346/8808en_US
dc.description.abstractThe innovation and adoption of the High Volume Instrument grading system present the U.S. cotton industry with both new opportunities and challenges. While more accurate information about cotton quality is available for market participants, the understanding and comprehension of the price-quality relationships under the new grading system have increased importance in production, marketing, and use of cotton. This study analyzed and determined the patterns of the market values paid by U.S. textile mills for cotton fiber attributes. Hedonic price models, based on Rosen's analytical framework, were developed to analyze the information of bona fide market transactions in the textile mill market for the U.S. as a whole and three individual U.S. cotton regions during the period 1992-1995. These models explained how fiber attributes (i.e., trash content, color, staple, strength, micronaire), and other nonfiber factors affected cotton prices. Results suggest that textile mill manufacturers paid different premiums and/or discounts for different fiber attributes for each individual region in the U.S. The textile mill industry seems to differentiate cotton by the region of origin in both fiber premiums and/or discounts and base prices. Fiber premiums and discounts are substantially different between the West and South Central region. Staple premiums and discounts were significantly different between the West and the South. Micronaire discounts differed across all three regions. Textile mill manufacturers only paid strength premiums for the cotton produced in the Western region. This analysis provides the market participants with information relevant to government cotton programs, cotton preparation, variety selection, and cotton marketing strategies. It also demonstrates methods for collecting and analyzing hedonic market data collected from individual firms.
dc.format.mimetypeapplication/pdf
dc.language.isoeng
dc.publisherTexas Tech Universityen_US
dc.subjectCotton -- Prices -- United Statesen_US
dc.subjectCotton -- Qualityen_US
dc.subjectCotton -- Prices -- Economic modelsen_US
dc.titleU.S. textile mill manufacturers' valuation of cotton quality attributes
dc.typeDissertation
thesis.degree.namePh.D.
thesis.degree.levelDoctoral
thesis.degree.disciplineAgricultural and Applied Economics
thesis.degree.grantorTexas Tech University
thesis.degree.departmentAgricultural Applied Economics
dc.degree.departmentAgricultural and Applied Economicsen_US
dc.rights.availabilityUnrestricted.


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