Revealed Preference Based Valuation of Indigenous Sheep Traits

Zelalem Gutua; Girma T Kassie; Derek Baker; A Haile

Abstract

In this study, hedonic pricing model is fitted to examine the determinants of observed sheep price. 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. Season and market locations are also very important determinants of price suggesting the need to target season and market place in breeding programs so that sheep keepers benefit from the intervention and hence the program become sustainable. Therefore, development of comprehensive breeding program is crucial.

Original language	English
Pages	25-25
Publication status	Published - 2010
Event	AACAA/ESAP 2010" 5th All Africa Conference on Animal Agriculture and 18th Annual Meeting of the Ethiopian Society of Animal Production - Addis Ababa, Ethiopia Duration: 25 Oct 2010 → 28 Oct 2010

Conference

Conference	AACAA/ESAP 2010" 5th All Africa Conference on Animal Agriculture and 18th Annual Meeting of the Ethiopian Society of Animal Production
City	Addis Ababa, Ethiopia
Period	25/10/10 → 28/10/10

Keywords

Agricultural Economics

Access to Document

https://hdl.handle.net/1959.11/15771

Handle.net

Persistent link

Cite this

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title = "Revealed Preference Based Valuation of Indigenous Sheep Traits",

abstract = "In this study, hedonic pricing model is fitted to examine the determinants of observed sheep price. 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. Season and market locations are also very important determinants of price suggesting the need to target season and market place in breeding programs so that sheep keepers benefit from the intervention and hence the program become sustainable. Therefore, development of comprehensive breeding program is crucial.",

keywords = "Agricultural Economics",

author = "Zelalem Gutua and Kassie, \{Girma T\} and Derek Baker and A Haile",

year = "2010",

language = "English",

pages = "25--25",

note = "AACAA/ESAP 2010{"} 5th All Africa Conference on Animal Agriculture and 18th Annual Meeting of the Ethiopian Society of Animal Production ; Conference date: 25-10-2010 Through 28-10-2010",

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TY - CONF

T1 - Revealed Preference Based Valuation of Indigenous Sheep Traits

AU - Gutua, Zelalem

AU - Kassie, Girma T

AU - Baker, Derek

AU - Haile, A

PY - 2010

Y1 - 2010

N2 - In this study, hedonic pricing model is fitted to examine the determinants of observed sheep price. 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. Season and market locations are also very important determinants of price suggesting the need to target season and market place in breeding programs so that sheep keepers benefit from the intervention and hence the program become sustainable. Therefore, development of comprehensive breeding program is crucial.

AB - In this study, hedonic pricing model is fitted to examine the determinants of observed sheep price. 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. Season and market locations are also very important determinants of price suggesting the need to target season and market place in breeding programs so that sheep keepers benefit from the intervention and hence the program become sustainable. Therefore, development of comprehensive breeding program is crucial.

KW - Agricultural Economics

M3 - Abstract

SP - 25

EP - 25

T2 - AACAA/ESAP 2010" 5th All Africa Conference on Animal Agriculture and 18th Annual Meeting of the Ethiopian Society of Animal Production

Y2 - 25 October 2010 through 28 October 2010

ER -