A hedonic price model of the Paris carcase lamb market

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Abstract
Based on a lamb carcase classification and pricing exercise in the Paris wholesale market at Rungis an equation was estimated which regresses prices on farm-based and factory-based quality aspects and on country of origin of the carcases. The revenue foregone per carcase by each supplying country, because of divergence from the optimal quality is quantified and allocated to particular quality attributes. For all countries quality improvement would yield substantial increased revenue. Supplying countries other than France suffer a substantial country-of-origin discount which is not justified on quality considerations. Further research is necessary on this phenomenon.

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