Reducing Self-Selection Bias in Feeder Cattle Premium Estimates Using Matched Sampling
| dc.creator | Williams, Brian R. | |
| dc.creator | DeVuyst, Eric A. | |
| dc.creator | Peel, Derrell S. | |
| dc.creator | Raper, Kellie Curry | |
| dc.date | 2017-04-01T20:13:46Z | |
| dc.date.accessioned | 2026-07-09T07:56:51Z | |
| dc.description | Past value-added research employs hedonic pricing models to estimate premiums associated with value-added feeder cattle characteristics. However, hedonic pricing models require restrictive assumptions and impose a functional form. Producers also self-select into a treatment group, potentially biasing estimates. Using propensity score matching, we reduce potential bias from producer self-selection and from imposing a functional form. Results suggest that hedonic pricing models may be negatively biased in estimates of premiums received by value-added calf producers. Current adopters receive a premium of $5.38/cwt from participation in a certified preconditioning program, while nonadopters would realize $5.17/cwt by adopting certification. Hedonic model values range from $0.52/cwt to $4.32/cwt, for similar or identical preconditioning programs. | |
| dc.identifier | doi:10.22004/ag.econ.168263 | |
| dc.identifier | https://ageconsearch.umn.edu/record/168263/files/JARE_Apr2014__8_Williams_pp124-138.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/168263 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/593937 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/168263 | |
| dc.title | Reducing Self-Selection Bias in Feeder Cattle Premium Estimates Using Matched Sampling | |
| dc.type | Text |