Cross, Robin; Färe, Rolf; Grosskopf, Shawna; Weber, … - In: Journal of Wine Economics 8 (2013) 01, pp. 69-82
We exploit the duality between the cost function and the directional distance function in value space to recover hedonic prices of product or asset characteristics. An application is offered for 96 Oregon vineyards located in the Willamette Valley of Oregon that sold between 1995 and 2007....