Price is a core component of both wine firms' and consumers' decision-making and so there has been a lot of analysis of … the determinants of wine price. Most of the research has used the hedonic price function and assumed that the wine market … segments, niche and mass market, respectively. We conclude that the wine market is heterogeneous, and the importance of the …

prices of wines considering the following attributes: producing country, vintage, variety of grape used in the wine making … and the specific growing region. The countries surveyed were Brazil, Argentina and Chile, which are the main competitors … in the fine wine trade in Brazil.The main objective of this work is to identify if attributes like vintage, producer …