Valuation of traits of indigenous sheep using hedonic pricing in Central Ethiopia

dc.creatorTerfa, Z.G.
dc.creatorHaile, A.
dc.creatorBaker, D.
dc.creatorKassie, G.T.
dc.date2013-11-26T17:39:46Z
dc.date2013-11-26T17:39:46Z
dc.date2013
dc.date.accessioned2023-07-17T19:57:23Z
dc.date.available2023-07-17T19:57:23Z
dc.identifier2193-7532
dc.identifierhttp://hdl.handle.net/10883/3329
dc.identifier10.1186/2193-7532-1-6
dc.identifier.urihttps://repositorioslatinoamericanos.uchile.cl/handle/2250/7509130
dc.descriptionThis 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.
dc.formatPDF
dc.languageEnglish
dc.publisherSpringerOpen
dc.publisherSpringer Verlag
dc.publisherSocietà Italiana di Economia Agraria
dc.publisherhttp://www.agrifoodecon.com/content/1/1/6
dc.rightsCIMMYT manages Intellectual Assets as International Public Goods. The user is free to download, print, store and share this work. In case you want to translate or create any other derivative work and share or distribute such translation/derivative work, please contact CIMMYT-Knowledge-Center@cgiar.org indicating the work you want to use and the kind of use you intend; CIMMYT will contact you with the suitable license for that purpose.
dc.rightsOpen Access
dc.source6
dc.source1
dc.sourceAgricultural and Food Economics
dc.subjectAGRICULTURAL SCIENCES AND BIOTECHNOLOGY
dc.subjectHedonic Pricing
dc.subjectHeteroscedasticity Consistent
dc.subjectTrait Preferences
dc.subjectPRICE FIXING
dc.subjectSHEEP BREEDS
dc.subjectPHENOTYPES
dc.titleValuation of traits of indigenous sheep using hedonic pricing in Central Ethiopia
dc.typeArticle
dc.coverageETHIOPIA


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