DETERMINANTS OF ARGENTINEAN WINE PRICES IN THE U.S. MARKET

Guillermo S. San Martin · Bernhard Brümmer · Javier L. Troncoso

10 citations0/0 files storedRePEc: Research Papers in Economics

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Wine Industry and Tourism Economics of Agriculture and Food Markets Consumer Market Behavior and Pricing

Abstract

A hedonic price function for Argentinean wines in the U.S market is estimated in order to evaluate the effect of the most important attributes of wine on price. Results show that labeling practices and the choice of the right wine quality attributes are far more influential on price than expert panel opinions or oenological wine improvements such as aging.

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References

1974Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition 1997Estimation of a Hedonic Price Equation for Bordeaux Wine: Does Quality Matter?2003Wine Quality and Varietal, Regional and Winery Reputations: Hedonic Prices for Australia and New Zealand 1995Hedonic price functions and the measurement of preferences: The case of Swedish wine consumers 2001Hedonic Wine Price Functions and Measurement Error 1995Bordeaux Wine Vintage Quality and the Weather 2006What Determines Wine Prices: Objective vs. Sensory Characteristics 2006Prices of American Pinot Noir wines: climate, craftsmanship, critics

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