Hedonic Prices for Fish: Tuna Prices in Hawaii

Posted: 25 Jul 2000

See all articles by Kenneth E. McConnell

Kenneth E. McConnell

University of Maryland - Department of Agricultural & Resource Economics

Ivar E. Strand

University of Maryland - Department of Agricultural & Resource Economics

Abstract

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.

JEL Classification: Q12

Suggested Citation

McConnell, Kenneth E. and Strand, Ivar E., Hedonic Prices for Fish: Tuna Prices in Hawaii. American Journal of Agricultural Economics, Vol. 82, Iss. 1. Available at SSRN: https://ssrn.com/abstract=231507

Kenneth E. McConnell (Contact Author)

University of Maryland - Department of Agricultural & Resource Economics ( email )

Symmons Hall, Rm 2200
University of Maryland
College Park, MD 20742-5535
United States
301-405-1282 (Phone)

Ivar E. Strand

University of Maryland - Department of Agricultural & Resource Economics ( email )

Symmons Hall, Rm 2200
University of Maryland
College Park, MD 20742-5535
United States
301-405-1293 (Phone)

Register to save articles to
your library

Register

Paper statistics

Abstract Views
904
PlumX Metrics