A hedonic price model for rice market in China

Zhigang Wang; Shi Zheng; D. M. Lambert; Susumu Fukuda

A hedonic price model for rice market in China

Zhigang Wang, Shi Zheng, D. M. Lambert, Susumu Fukuda

Agricultural and Resource Economics

Research output: Contribution to journal › Article › peer-review

3 Citations (Scopus)

Abstract

Various domestic analyses have focused on rice prices, but there is no existing research that has studied the effects of rice quality on prices in Chinese retail markets. This article clarifies the price mechanism in China by analyzing the factors affecting retail rice prices using a hedonic price model. Econometric results suggest that rice grades are useful but insufficient in explaining observed price differences. Other attributes like quality certification and branding, packaging, production origin, and retail centers are significant determinants of retail rice prices in China. Discipline: Agricultural economics.

Original language	English
Pages (from-to)	541-548
Number of pages	8
Journal	Journal of the Faculty of Agriculture, Kyushu University
Volume	54
Issue number	2
Publication status	Published - Oct 1 2009

All Science Journal Classification (ASJC) codes

Biotechnology
Agronomy and Crop Science

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abstract = "Various domestic analyses have focused on rice prices, but there is no existing research that has studied the effects of rice quality on prices in Chinese retail markets. This article clarifies the price mechanism in China by analyzing the factors affecting retail rice prices using a hedonic price model. Econometric results suggest that rice grades are useful but insufficient in explaining observed price differences. Other attributes like quality certification and branding, packaging, production origin, and retail centers are significant determinants of retail rice prices in China. Discipline: Agricultural economics.",

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AB - Various domestic analyses have focused on rice prices, but there is no existing research that has studied the effects of rice quality on prices in Chinese retail markets. This article clarifies the price mechanism in China by analyzing the factors affecting retail rice prices using a hedonic price model. Econometric results suggest that rice grades are useful but insufficient in explaining observed price differences. Other attributes like quality certification and branding, packaging, production origin, and retail centers are significant determinants of retail rice prices in China. Discipline: Agricultural economics.

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