HEDONIC PRICES IN THE MALTING BARLEY MARKET

TABLE 3. Estimated Coefficients for the Hedonic Price Equations for Malting Barley, 1978/
79-1981/82 (t-Ratios in Parentheses).

Variable

1978/79

1979/80

1980/81

1981∕82^a

Month

August

0.15

-0.07

-0.17

0.20

(11.29)

(2.48)

(5.97)

(8.10)

September

0.14

0.28

0.18

0.18

(9.70)

(10.12)

(6.10)

(5.57)

October

0.08

0.28

0.22

0.09

(3.65)

(10.59)

(6.70)

(2.27)

November

0.15

0.14

0.16

0.15

(8.42)

(4.82)

(3.70)

(4.41)

December

0.17

-0.02

0.07

0.07

(10.83)

(0.90)

(1.90)

(2.06)

January

0.20

-0.10

0.03

(12.27)

(3.32)

(0.62)

February

0.29

-0.05

0.15

(14.66)

(1.47)

(3.81)

March

(0.23)

-0.14

0.16

(11.91)

(4.73)

(5.00)

April

0.30

-0.04

0.28

(17.51)

(1.52)

(8.19)

May

0.34

0.07

0.35

(17.68)

(2.24)

(10.98)

June

0.15

0.16

0.25

(6.42)

(6.24)

(7.37)

Variety

Larker

-0.16

0.89

-1.15

-0.03

(0.44)

(1.33)

(1∙21)

(1.04)

Morex

-0.21

0.12

(.023)

(4.71)

Glenn

0.86

0.04

(0.38)

(1.36)

Plumpness

0.055^b

(4.33)

Beacon

0.04

0.06

0.10

(4.83)

(4.40)

(4.73)

Larker

0.05

0.05

0.12

(6.61)

(4.98)

(6.53)

Morex

0.11

(6.49)

Glenn

0.07

(1.23)

Plumpness Squared

-0.0003^b

(3.79)

Beacon

-0.0003

-0.0003

-0.0006

(6.04)

(4.18)

(4.59)

Larker

-0.0003

-0.0004

-0.0007

(4.48)

(4.06)

(5.71)

Morex

-0.0007

(6.06)

Glenn

-0.0004

(113)

Protein

-0.072^b

—0.1105^b

-0.133^b

(4.89)

(11.40)

(10.69)