Hedonic Price Analysis of Thoroughbred Broodmares in Foal
| dc.creator | Maynard, Leigh J. | |
| dc.creator | Stoeppel, Kelly M. | |
| dc.date | 2017-04-01T19:26:47Z | |
| dc.date.accessioned | 2026-07-09T05:13:08Z | |
| dc.description | Thoroughbred broodmares are the foundation of a successful racing operation. This study estimated the impact of breeding, racing, and market characteristics on broodmare auction prices. Data represent 604 in-foal broodmares sold in Keeneland’s 2005 sale. Prices were highly responsive to the sire’s stud fee, the broodmare’s age, and progeny performance in graded stakes races, with pronounced day-of-sale effects. The stud fee marginal value was substantially lower than one break-even estimate, suggesting possible disincentives for investment in stallion services. Out-of-sample forecasts were far superior to naïve forecasts but were not accurate enough to use in isolation from other decision aids. | |
| dc.identifier | Other:0738-8950 | |
| dc.identifier | doi:10.22004/ag.econ.62295 | |
| dc.identifier | https://ageconsearch.umn.edu/record/62295/files/JAB_Fall07__05_pp181-195.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/62295 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/560644 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/62295 | |
| dc.title | Hedonic Price Analysis of Thoroughbred Broodmares in Foal | |
| dc.type | Text |