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Individuals who are unaware of the price do not derive more enjoyment from more expensive wine. In a sample of more … that individuals on average enjoy more expensive wines slightly less. For individuals with wine training, however, we find … of wines and wine recommendations by experts may be poor guides for non-expert wine consumers. …
Persistent link: https://www.econbiz.de/10010281152
Der aktuelle Preissprung bei Molkereiprodukten fordert geradezu dazu heraus, einen Blick auf die Mechanik und die Psychologie der Preisbildung zu werfen. Experten beobachten schon seit Jahren eine weltweit steigende Nachfrage nach Milch und Milchprodukten und eine Erzeugung, die mit dem...
Persistent link: https://www.econbiz.de/10011692676
Der Preisauftrieb auf den internationalen Märkten für Getreide, Milch und Milcherzeugnisse hat bei Landwirten eine Aufbruchstimmung aufkommen lassen, bei Verbrauchern und bei den Unternehmen der betroffenen Wirtschaftszweige aber Verunsicherung bewirkt. Unsicherheit besteht vor allem in der...
Persistent link: https://www.econbiz.de/10011692698
This paper investigates the determinants of Norwegian import prices of manufactures over the period 1970(1) - 1991(4). Multivariate cointegration analysis establishes a long-run relationship between import prices, foreign prices, the exchange rate and domestic unit labour costs. Normalized on...
Persistent link: https://www.econbiz.de/10011967929
This paper analyzes rigidities in the behavior of mark-up on petroleum products in the New York area using a new set of high-frequency data. We use a methodology that accounts both for deterministic and stochastic nature of petrol prices. The results indicate that the adjustment to the long run...
Persistent link: https://www.econbiz.de/10013208523
The aim of this paper is to provide a reliable set of income, own-price, and cross-price elasticities of demand for the consumer goods, foods and alcohol beverages based on Almost Ideal Demand System model applied to the most relevant Czech data set of Household Budget Statistics. While we...
Persistent link: https://www.econbiz.de/10010322174
high-quality wine prices? How do certain factors (highly, slightly or scarcely) under control of the suppliers, influence … prices? To respond, we build a database with thirteen years of the best 100 wines annually ranked in Wine Spectator magazine …
Persistent link: https://www.econbiz.de/10011688803
This study provides an empirical assessment of the competitiveness of Albanian dairy and wine production, based on … aggregated to analyse the competitiveness of the entire production chain for each product group. Overall, the wine sector appears … in an economically more favourable situation than the milk sector. Although there is currently no relevant export of wine …
Persistent link: https://www.econbiz.de/10010299364
is received, affects how the good is experienced. The good in question was wine, and the price was either high or low …. Our results suggest that hosts offering wine to guests can safely reveal the price: much is gained if the wine is … expensive, and little is lost if it is cheap. Disclosing the high price before tasting the wine produces considerably higher …
Persistent link: https://www.econbiz.de/10010281315
consumers' choices of beer and wine. Two Discrete Choice Experiments were built for wine and beer and two Latent Class choice …' choices for wine and beer are influenced by framing, design and visibility of warnings. In both countries, the acceptance of … warnings is higher for beer than for wine and in both cases consumers show higher utility for a logo on the front label: on the …
Persistent link: https://www.econbiz.de/10014485177