Revealed preference based valuation of indigenous sheep traits
Material type:
ArticleLanguage: English Publication details: Addis Ababa (Ethiopia) : Agricultural Economics Society of Ethiopia, 2011.ISBN: - 978-99944-836-4-8
| Item type | Current library | Collection | Call number | Status | Date due | Barcode | Item holds | |
|---|---|---|---|---|---|---|---|---|
| Book part | CIMMYT Knowledge Center: John Woolston Library | CIMMYT Staff Publications Collection | CIS-6554 (Browse shelf(Opens below)) | Available |
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This study estimates the implicit prices of sheep traits based on revealed preferences. 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, colour, body size, and tail condition) are major determinants of price, implying the importance of trait preferences in determining price of sheep in local markets. Season and market locations are also very important determinants of price. suggesting the need to target season and market place in sheep improvement programs. Therefore. development of comprehensive breeding program that has marketing element is crucial to make the sheep improvement sustainable and sheep keepers benefiting from the intervention.
Socioeconomics Program
Text in English
INT2923
CIMMYT Staff Publications Collection
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