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Hedonic price estimation for the Turkish bread wheat characteristics
Authors:Suleyman Karaman  Bahattin Cetin  Ayse Oguzlar  Koksal Yagdi
Affiliation:(1) IRG Immobilien Rating GmbH, Taborstr. 1-3, 1020 Vienna, Austria;(2) Department of Statistics, Leopold-Franzens-University, Universitaetsstr. 15, 6020 Innsbruck, Austria;(3) KPMG Financial Advisory Services, Adamgasse 23, 6020 Innsbruck, Austria
Abstract:This research has been made to assess the effects of the characteristics of bread wheat quality on the prices in the Turkish bread wheat market. A hedonic price model was used to analyze factors affecting the variability in bread wheat prices. Results indicate that prices received by bread wheat producers reflect the presence of basic quality characteristics of bread wheat. According to the research consequences, the hectoliter and sedimentation are the major factors that have the greatest effect and influence on Turkish bread wheat market in respect to the quality aspects. The study shows that the five regions in Turkey, which have been chosen as the research area and are important in bread wheat production, have differences in terms of bread wheat quality characteristics.
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