Showing 1 - 10 of 531
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. -- Wine ; price …
Persistent link: https://www.econbiz.de/10003691574
use historical data and exploit temporal and geographical variations in the introduction of wine GIs in early twentieth …
Persistent link: https://www.econbiz.de/10011927615
of public policies. We analyze how wine regulations, and more specifically planting rights restrictions, have been … affected by globalization, in particular colonial expansions of wine producing empires. We study several historic cases and … find that (a) planting right restrictions and compulsory uprooting of vineyards are introduced to deal with falling wine …
Persistent link: https://www.econbiz.de/10012533151
Persistent link: https://www.econbiz.de/10013175000
We study the cost of breaching an implicit contract in a goods market, building on a recent study that documented the presence of such a contract in the Coca-Cola market, in the US, during 1886-1959. The implicit contract promised a serving of Coca-Cola of a constant quality (the "real thing"),...
Persistent link: https://www.econbiz.de/10012020664
We offer the first direct evidence of an implicit contract in a goods market. The evidence we offer comes from the market for Coca-Cola. We demonstrate that the Coca-Cola Company left a substantial amount of written evidence of its implicit contract with its consumers—a very explicit form of...
Persistent link: https://www.econbiz.de/10008934602
We study the cost of breaching an implicit contract in a goods market. Young and Levy (2014) document an implicit contract between the Coca-Cola Company and its consumers. This implicit contract included a promise of constant quality. We offer two types of evidence of the costs of breach. First,...
Persistent link: https://www.econbiz.de/10012319210
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/10011530598
We investigate the relationship between external quality evaluation via experts, firm reputation and product prices and extend the existing empirical literature in three dimensions. First, we empirically account for endogenous reputation effects. An increase in quality has an immediate positive...
Persistent link: https://www.econbiz.de/10011987919
This paper examines empirically two distinguishing aspects of the world's wine regions: their degree of specialization … regions, as measured by a varietal-based regional similarity index. Twelve of the most important wine-producing countries …
Persistent link: https://www.econbiz.de/10009419448