What determines wine prices: Objective vs. sensory characteristics

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

The hedonic technique is applied to wines. In the price equation we include objective characteristics appearing on the label, as well as sensory characteristics and a grade assigned by expert tasters. We have three almost identically structured data sets (two on Bordeaux wines, and one on Burgundy wines). The results are used to make comparisons between two of the most important wine regions in France, and comparisons over time (the two Bordeaux data sets are sampled at different points in time).

Original languageEnglish
Title of host publicationVolume 1
Subtitle of host publicationPrices, Finance, and Expert Opinion
PublisherWorld Scientific
Pages501-516
Number of pages16
DOIs
Publication statusPublished - 1 Jan 2018
Externally publishedYes

Publication series

NameWorld Scientific Handbook in Financial Economics Series
Volume6
ISSN (Print)2010-1732

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