Please use this identifier to cite or link to this item:
https://hdl.handle.net/1959.11/15431
Title: | Valuation of traits of indigenous sheep using hedonic pricing in Central Ethiopia | Contributor(s): | Terfa, Z G (author); Haile, A (author); Baker, Derek (author) ; Kassie, G T (author) | Publication Date: | 2013 | Open Access: | Yes | DOI: | 10.1186/2193-7532-1-6 | Handle Link: | https://hdl.handle.net/1959.11/15431 | Abstract: | This study estimates the implicit prices of indigenous sheep traits based on revealed preferences. A hedonic pricing model is fitted to examine the determinants of observed sheep prices. Transaction data were generated from rural markets of Horro-Guduru Wollega Zone of Ethiopia. Both OLS and heteroscedasticity consistent estimations were made. The empirical results consistently indicate that phenotypic traits of traded indigenous sheep (age, color, body size, and tail condition) are major determinants of price implying the importance of trait preferences in determining the price of sheep in local markets. Season and market locations are also very important price determinants suggesting the need to target season and market place in sheep improvement programmes. Therefore, the development of a comprehensive breeding program that has marketing element is crucial to make sheep improvement sustainable and sheep keepers benefit from the intervention. | Publication Type: | Journal Article | Source of Publication: | Agricultural and Food Economics, v.1, p. 1-13 | Publisher: | SpringerOpen | Place of Publication: | Germany | ISSN: | 2193-7532 | Fields of Research (FoR) 2008: | 140201 Agricultural Economics | Fields of Research (FoR) 2020: | 380101 Agricultural economics 440407 Socio-economic development 300208 Farm management, rural management and agribusiness |
Socio-Economic Objective (SEO) 2008: | 910203 Industrial Organisations 910209 Preference, Behaviour and Welfare 910206 Market-Based Mechanisms 910204 Industry Costs and Structure |
Socio-Economic Objective (SEO) 2020: | 150504 Industry costs and structure | Peer Reviewed: | Yes | HERDC Category Description: | C1 Refereed Article in a Scholarly Journal |
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Appears in Collections: | Journal Article |
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