Hedonic pricing of goat characteristics at the market level: the case of Pakistan
In: International Food and Agribusiness Management ReviewSearch for other papers by Waseem Ahmad in
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This study carries out hedonic price analysis of goat’s characteristics in five major markets of Pakistan. Data were collected about the various characteristics of each traded animal during the year 2016 through a structured questionnaire by using a personal interview method. A log-linear model was fitted to a sample of 500 observations in order to examine the determinants of observed goat prices. The results of the study showed that live weight, age, and sex were goat characteristics preferred by buyers and had significant positive effects on the prices of goats. Further, significant premiums were associated with the purpose of buying and marketplace. This study indicates that goat producers can improve their profitability when they target goat sales based on weight, marketing place, age, sex and time of sale, especially at the Muslim festival, Eid-ul-Azha.
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Supplementary Materials
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Hedonic pricing of goat characteristics at the market level: the case of Pakistan
In: International Food and Agribusiness Management ReviewSearch for other papers by Waseem Ahmad in
Current site
Google Scholar
PubMed
Search for other papers by Tanvir Ahmed in
Current site
Google Scholar
PubMed
Search for other papers by Bashir Ahmad in
Current site
Google Scholar
PubMed
This study carries out hedonic price analysis of goat’s characteristics in five major markets of Pakistan. Data were collected about the various characteristics of each traded animal during the year 2016 through a structured questionnaire by using a personal interview method. A log-linear model was fitted to a sample of 500 observations in order to examine the determinants of observed goat prices. The results of the study showed that live weight, age, and sex were goat characteristics preferred by buyers and had significant positive effects on the prices of goats. Further, significant premiums were associated with the purpose of buying and marketplace. This study indicates that goat producers can improve their profitability when they target goat sales based on weight, marketing place, age, sex and time of sale, especially at the Muslim festival, Eid-ul-Azha.
| All Time | Past 365 days | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 0 | 0 | 0 |
| Full Text Views | 449 | 185 | 22 |
| PDF Views & Downloads | 257 | 112 | 3 |
