Nolan, Elizabeth; Farrell, Terence; Ryan, Madeleine; … - 2014
We measure the relationship between clean prices of individual lots of wool sold at auction and a range of … characteristics of the raw wool. Based on the data for 111,440 fleece lots sold in the 2008–2009 auction season, five hedonic models … are estimated to determine the premiums and discounts associated with each wool characteristic in five micron categories …