경주마 특성이 낙찰 확률과 경락가격에 미치는 영향

• 영문명: Determinants of Sale Success Probability and Sale Price in Korean Thoroughbred Auctions
• 발행기관: 한국농식품정책학회
• 저자명: 조현경(Hyunkyoung Cho) 권오상(Oh-Sang Kwon)
• 간행물 정보: 『농업경영.정책연구』농업경영·정책연구 46권 4호, 594~623쪽, 전체 30쪽
• 주제분류: 농수해양 > 식품과학
• 파일형태: PDF
• 발행일자: 2019.12.30

영문 초록

This study estimates the impacts of thoroughbred characteristics on the probability of sale (i.e., success in finding sale price) as well as on hammer price (i.e., auction sale price). Concerning the possible correlation between sale success probability and sale price level, we attempted to estimate a Heckman type sample selection model. Because it turned out that the correlation was not significant, we estimated the mechanism of auction success and that of price determination separately as well. Most of the characteristics including age, color, sex and pedigree were found to be significantly affecting both the probability of sale and the sale price level. Besides, whether a horse was listed by Korea Racing Authority (KRA) was the most influential factor of sale success probability. This finding implies that the general non-KRA breeders have to make a strategic decision making when they choose auction markets to participate in.

목차

Ⅰ. 서 론

Ⅱ. 국내 경주마 경매 현황

Ⅲ. 분석모형 및 자료

Ⅳ. 분석결과

Ⅴ. 결 론

참고문헌

키워드

Thoroughbred Auction Hedonic Price Model Sample Selection Model