Document Type
Article
Publication Date
2020
Publication Title
Journal of Agricultural and Applied Economics
Keywords
agribusiness, equine, hedonic price analysis, internet auction, stock-type horse, Q11, Q13, D11
Abstract
There is a shift in livestock auction sales in consolidation of live markets and movement toward virtual marketplaces. We examine buyer preferences for nonracing stock-type horses sold through virtual auctions to better understand how animals are sold and their valuation. A shift towards online sales of equine has impacted the number of potential buyers through increased exposure to sale horses. Using data collected from online auctions, we estimate factors influencing propensity to sell as well as price determinants in this market platform. We find many factors contribute to the likelihood of a horse selling and to the final sale price.
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
DOI
doi.org/10.1017/aae.2020.20
Recommended Citation
Kibler, M., & Thompson, J. (2020). Price Determinants of Stock-Type Horses Sold at Public Online Auctions. Journal of Agricultural and Applied Economics, 52(4), 596-612. doi:10.1017/aae.2020.20
Comments
This article was originally published in the Journal of Agricultural and Applied Economics, Volume 52, Issue 4, pp. 596-612, https://doi.org/10.1017/aae.2020.20.