Hedonic Prices for Fish: Tuna Prices in Hawaii

Over the past two decades, the marketing of fish has recognized the importance of quality. Yet empirical analysis of market transactions could give us little insight into the value of different qualities of fish because market data are typically aggregated. We exploit a dataset on the auction price...

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Bibliographic Details
Published in:American journal of agricultural economics 2000-02, Vol.82 (1), p.133-144
Main Authors: McConnell, Kenneth E., Strand, Ivar E.
Format: Article
Language:English
Subjects:
Agricultural commodities
Agricultural economics
Auctions
Bids
Coefficients
Commercial fishing
Consumer prices
Consumers
Datasets
Fish
Fish culture
fish prices
fish quality
Fisheries
Fishery economics
Fishing
hedonic models
Housing prices
Market prices
Pound nets
Preferences
Prices
Q220
Quality
Seafood
Tuna
Willingness to pay
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Summary:Over the past two decades, the marketing of fish has recognized the importance of quality. Yet empirical analysis of market transactions could give us little insight into the value of different qualities of fish because market data are typically aggregated. We exploit a dataset on the auction price of tuna sold in Hawaii to estimate a hedonic model. The model provides empirical estimates of price increments due to species, quality of the fish such as size or fat content, method of handling, and market conditions. The empirical results are also used to estimate price flexibilities for landings in Hawaii.
ISSN:0002-9092
1467-8276
DOI:10.1111/0002-9092.00011