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of this wine is exported worldwide, we look at international markets. We gauge this influence by estimating a hedonic … price model based on a sample of 2315 Italian still wines reviewed in Robert Parker's Wine Advocate. The work expands … impacts of ageing on wine prices according to the different grape varieties utilized. Results show that, besides the well …
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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...
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