The aim of this article is to explain Bordeaux wine prices for the 1996-1999 vintages. The hedonic price method is applied to determine the main explanatory factors of price differences. It shows that reputation remains an important determinant of the price. However sensory characteristics have...

The aim of this article is to explain Alsace, Beaujolais and Provence wine prices. The hedonic price method is applied to determine the main explanatory variables factors of price differences. This method indicates that the relationship between quality and price of the Alsace, Beaujolais and...