Journal of Agricultural and Applied Economics
agribusiness, equine, hedonic price analysis, internet auction, stock-type horse, Q11, Q13, D11
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.
Kibler, Michelle and Thompson, Jada M., "Price Determinants of Stock-Type Horses Sold at Public Online Auctions" (2020). Faculty Publications - Agriculture. 5.