Purpose. The purpose of this study is to examine the internal consistency of wine guides by comparing the judgements of … expert wine tasters and reviewers. A classification of wines is provided to establish whether expert reviews of similar wines …,000 Wine Enthusiast ratings reveal significant differences between expert reviews. This finding indicates that there are no …

We develop a simple model of the effects of reputation on wine prices. An increasing fraction of consumers who are quot …;naivequot; (less well informed about wine quality) results in a stronger sensitivity of wine prices to ratings of quality. We then use … time. In addition, we find that a change in Parker rating has a stronger effect on price, the stronger is the wine …

As many research studies confirm, the importance of collective reputation is increasing, especially in the agro …-food chain. Currently, the reputation of firms and brands is the main key driver for companies' competitiveness and success in … modern markets. This paper empirically investigates the determinants of reputation of PDO wines in Central Italy. In …