This paper presents an improved hedonic price estimate for wine sold in the Australian retail market. In the model developed, concepts from viticulture and wine tasting theory have been drawn upon to ensure both estimation technique, and variable selection are theoretically sound. Approach the...

This thesis consists of six chapters, and the main research contributions are contained in chapters two through five inclusive. The topics addressed in each chapter are distinct, but related, and the specific contributions to knowledge made by the different chapters are related to: (i)...

Interpreting the own-price elasticity of demand for alcohol literature is difficult. While numerous studies have been conducted, the point estimates reported vary dramatically. Some studies suggest the demand for alcohol is price inelastic, others suggest it is price elastic. This paper presents...