Autochthon vs. blended wines: Do objective and sensory characteristics matter?

Piermassimo Pavese · Roberto Zanola

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Wine Industry and Tourism Art History and Market Analysis Consumer Market Behavior and Pricing

Abstract

There are many types of wines. Wine may be classified as traditional such as Barbaresco or Barolo (among the others), or international, such as the case of Merlot, Sauvignon, etc. Do objective and sensory characteristics impact di?erently on prices according to the wine variety? Using a sample of 3, 660 observations, an hedonic technique is applied to investigate this question.

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References

2003Wine Quality and Varietal, Regional and Winery Reputations: Hedonic Prices for Australia and New Zealand 1994A HEDONIC PRICE FUNCTION FOR AUSTRALIAN PREMIUM TABLE WINE*2001Hedonic Wine Price Functions and Measurement Error 1995Bordeaux Wine Vintage Quality and the Weather 2006What Determines Wine Prices: Objective vs. Sensory Characteristics 2001Wine market prices and investment under uncertainty: an econometric model for Bordeaux Crus Classés 1995Predicting the Quality of an Unborn Grange*2013Red Wines of Médoc: What is Wine Tasting Worth?

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