Hedonic Pricing of Rice Attributes, Market Sorting, and Gains from Quality Improvement in the Beninese Market

Latent class analysis is applied to a hedonic price model to examine the presence of heterogeneity in consumer valuation of quality attributes in the Beninese rice market. Three classes of consumers are found in proportions of 5, 56, and 39 percent. We employ a partial equilibrium model and find mod...

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Bibliographic Details
Main Authors: Fiamohe, R. (Author), Futakuchi, K. (Author), Mujawamariya, G. (Author), Ndindeng, S.A (Author), Twine, E.E (Author)
Format: Article
Language:English
Published: Cambridge University Press 2021
Subjects:
Online Access:View Fulltext in Publisher
LEADER 01495nam a2200241Ia 4500
001 10.1017-age.2020.24
008 220427s2021 CNT 000 0 und d
020 |a 10682805 (ISSN) 
245 1 0 |a Hedonic Pricing of Rice Attributes, Market Sorting, and Gains from Quality Improvement in the Beninese Market 
260 0 |b Cambridge University Press  |c 2021 
856 |z View Fulltext in Publisher  |u https://doi.org/10.1017/age.2020.24 
520 3 |a Latent class analysis is applied to a hedonic price model to examine the presence of heterogeneity in consumer valuation of quality attributes in the Beninese rice market. Three classes of consumers are found in proportions of 5, 56, and 39 percent. We employ a partial equilibrium model and find modest gains in consumer surplus from an increase in head rice and reduction in chalkiness. The results provide evidence of market sorting, which should be taken into consideration in upgrading rice value chains. Also, it is important to assess potential gains from quality improvement to determine priorities for research and development. Copyright © The Author(s), 2021. 
650 0 4 |a hedonic pricing 
650 0 4 |a Key words Benin 
650 0 4 |a market/consumer sorting 
650 0 4 |a quality improvement 
650 0 4 |a rice 
700 1 |a Fiamohe, R.  |e author 
700 1 |a Futakuchi, K.  |e author 
700 1 |a Mujawamariya, G.  |e author 
700 1 |a Ndindeng, S.A.  |e author 
700 1 |a Twine, E.E.  |e author 
773 |t Agricultural and Resource Economics Review