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This paper uses a large longitudinal database (nearly 6,000 observations) of all cabernet sauvignon wines rated by <italic>Wine Spectator</italic> from 1970 to 2004 in the Napa Valley region of California to investigate whether a quality-weather relationship and a price-weather relationship exist and, if so,...
Persistent link: https://www.econbiz.de/10011121573
This paper evaluates whether tasting notes—the brief testimony that describes the sensory properties of wines—add value. The analysis is based on a sample of over 2700 recent-vintage cabernet sauvignon wines evaluated by <italic>Wine Spectator</italic>. I estimate a dynamic wine price model to evaluate the...
Persistent link: https://www.econbiz.de/10011121616