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. Using data from the U.S. wine industry, including numerical blind tasting evaluations, this paper directly computes the … impact of country-of-origin bias upon wine import prices. A hedonic pricing framework is used to control for vintage, blind …
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When buying wine, consumers often need to infer unobservable characteristics of the wines that are available. Product … scarcity in the store can signal that the quality of a wine is high, either because the product is deemed exclusive (when … specific wine increases consumer choice for this wine, and when it does not. Specifically, two experiments show that scarcity …
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, search cost for quality information within a given store, and search cost for comparing across two competing electronic wine …
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This is the story of the Princeton Wine Group, a group whose membership has been relatively constant for almost 40 … were correlated with several variables including professional wine ratings and the prices of the wine. The article … concludes with a discussion of lessons learned from a lifetime of wine tastings. …
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, clients and anthropologist as a particular kind of ‘equivocation’. A wine branding research case is given as an example. …
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