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We estimate hedonic price functions for premium wine from Australia and New Zealand, differentiating implicit prices … for sensory quality ratings, wine varieties and regional as well as winery brand reputations over the vintages 1992 … Zealand). In particular, cool-climate regions are becoming increasingly preferred over other regions in Australia. In each …
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Accumulated theoretical and empirical evidence suggests that wine prices depend upon quality, reputation and objective …
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Evidence suggests that consumers seek to become more expert about hedonic products to enhance their enjoyment of future consumption occasions. Current approaches to becoming expert center on cultivating an analytic mindset. In the present research the authors explore the benefit to enthusiasts...
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