Cross, Robin; Plantinga, Andrew J.; Stavins, Robert N. - In: Journal of Wine Economics 6 (2011) 01, pp. 1-14
We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect,...