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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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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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container_title	American journal of agricultural economics
container_volume	82
creator	McConnell, Kenneth E. Strand, Ivar E.
description	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.
doi_str_mv	10.1111/0002-9092.00011
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source	EconLit s plnými texty; EBSCOhost Business Source Ultimate; International Bibliography of the Social Sciences (IBSS); Wiley; JSTOR Archival Journals and Primary Sources Collection
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
title	Hedonic Prices for Fish: Tuna Prices in Hawaii
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