文章基本信息

标题：Show Quality Quarter Horse Auctions: Price Determinants and Buy-Back Practices
本地全文：下载
作者：Taylor, Mykel R. ; Dhuyvetter, Kevin C. ; Kastens, Terry L. 等
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2006
卷号：37
期号：12
页码：595-615
出版社：Food Distribution Research Society
摘要：This study estimates the price determinants of show quality quarter horses sold at auction. Several characteristics including genetic and physical traits, quality of pedigree, and performance record of the horse, as well as the horse's offspring, were found to significantly impact selling price. Sale order positively affected price and appears to be driven by buyers rather than intentional ordering of the horses. A common practice at horse auctions is for the seller to reject the final bid offered and buy back the horse. Model-predicted prices for these buy-back horses indicate they are not undervalued by the final bids, based on their characteristics.
关键词：auction;equine;hedonic pricing;quarter horses