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This article presents an international comparison of the main determinants of wine prices in specialist online wine shops. Hedonic price functions were estimated for 9624 wines spread among four datasets from France, Italy, Germany and Australia. To explain price variation data was collected on...
Persistent link: https://www.econbiz.de/10012608892
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 is homogeneous with respect to both distribution...
Persistent link: https://www.econbiz.de/10012157270
This study explored the view that distributors have towards the most valued wine attributes by consumers in the US market, applying the discrete choice experiments technique. Furthermore, to explore the extent to which the distributors' perspective may reflect consumers' preferences, the results...
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Typically, wine is a good experience, its quality being unknown before consumption, with wine drinkers tending to be risk-averse. This being so, expert and consumer opinions may help to fill this information void. Following the classic example of the Bordeaux region increasing numbers of wine...
Persistent link: https://www.econbiz.de/10011986485
Typically, wine is a good experience, its quality being unknown before consumption, with wine drinkers tending to be risk-averse. This being so, expert and consumer opinions may help to fill this information void. Following the classic example of the Bordeaux region increasing numbers of wine...
Persistent link: https://www.econbiz.de/10011867900
Purpose: The purpose of this paper is to empirically examine the macroeconomic determinants of Port wine exports, taking into account the diversity and various quality levels associated with this product. Design/methodology/approach: Port wine is a fortified wine only produced in Portugal. In...
Persistent link: https://www.econbiz.de/10012072173
The Demarcated Douro Region is one of the oldest demarcated wine regions, and the largest and the most heterogeneous mountainous wine region in the world. Viticulture covers 44,000ha, and since 2001 an area covering 24,600ha has been designated as the most representative territory of the...
Persistent link: https://www.econbiz.de/10011986511