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Title: The Relationship Between Sire Representation and Average Yearling Prices in the Thoroughbred Industry
Authors: Poerwanto, Devie A.
Stowe, C. Jill
Keywords: agribusiness
hedonic price analysis
Thoroughbred industry
Issue Date: 2010
Abstract: Many Thoroughbred stallions are being bred to increasing numbers of mares. This practice raises the question of how progeny value is affected by an increased supply of foals by the same sire, which ultimately influences the sire’s value. This paper addresses that question. Three of the four models presented in our study find that the average price of a sire’s yearlings is increasing in sire representation. In addition, greater sire representation decreases the likelihood that a yearling is removed from the sale, but may increase the likelihood that it does not meet its reserve price.
Institution/Association: Journal of Agribusiness, Volume 28, Number 1, Spring 2010
Total Pages: 14
From Page: 61
To Page: 74
Collections:Volume 28, Number 1, Spring 2010

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