HEDONIC PRICE ESTIMATION FOR COMMODITIES: AN APPLICATION TO COTTON

Abstract

A model of hedonic prices – implicit prices of embodied quality attributes – was developed for cotton lint and the relative importance of various quality attributes were estimated with regression analysis from sample data on observed sales of cotton. Results indicated that producer prices were sensitive to variations in fiber length, micronaire, and trash content. Results also revealed differences in relative importance and sensitivity between years.Crop Production/Industries, Demand and Price Analysis,