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The Value of Expert Opinion in the Pricing of Bordeaux Wine Futures
16 references·16 citing·31 second hopsampled
The Value of Expert Opinion in the Pricing of Bordeaux Wine Futures (2016)The Value of Expert Opinion in the Pricin…The price of wine (2015)The price of wineOn the Causality and Cause of Returns to Organizational Status (2014)On the Causality and Cause of…Wine Economics (2012)Wine EconomicsExpert Opinion and the Demand for Experience Goods: An Experimental Approach in the Retail Wine Market (2010)Expert Opinion and the Demand…Identifying the effect of unobserved quality and expert reviews in the pricing of experience goods: Empirical application on Bordeaux wine (2009)Identifying the effect of uno…The Impact of Gurus: Parker Grades and en Primeur Wine Prices (2008)The Impact of Gurus: Parker G…Predicting the Quality and Prices of Bordeaux Wine (2008)Predicting the Quality and Pr…An Examination of Judge Reliability at a major U.S. Wine Competition (2008)An Examination of Judge Relia…The Pricing of Experience Goods: The Example ofen primeurWine (2007)The Pricing of Experience Goo…The Oxford Companion to Wine (2006)The Oxford Companion to WineWine market prices and investment under uncertainty: an econometric model for Bordeaux Crus Classés (2001)Wine market prices and invest…Wine market prices and investment under uncertainty: an econometric model for Bordeaux Crus Classés (2001)Wine market prices and invest…Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition (1974)Hedonic Prices and Implicit M…Advertising as Information (1974)Advertising as InformationThe World Atlas of Wine (1971)The World Atlas of WineInformation and Consumer Behavior (1970)Information and Consumer Beha…Understanding brand reputation: a case study of Chinese wineries (2024)Understanding brand reputatio…How much are we willing to pay for quality wine? A meta‐analysis and meta‐regression analysis (2024)How much are we willing to pa…A machine learning and linear programming aided approach to wine ranking and selection (2024)A machine learning and linear…Ratings meet prices: The dynamic relationship of quality signals (2023)Ratings meet prices: The dyna…Does quality pay off? “Superstar” wines and the uncertain price premium across quality grades (2022)Does quality pay off? “Supers…Wine Ratings: Seeking a Consensus among Tasters via Normalization, Approval, and Aggregation (2021)Wine Ratings: Seeking a Conse…Wine Analytics (2020)Wine AnalyticsGeographical Indications as Factors of Market Value: Price Premiums and Their Drivers in the Hungarian Off-Trade Wine Market (2020)Geographical Indications as F…Diversification Benefit of Actual Investing in Fine Wine (2020)Diversification Benefit of Ac…Analytics for Wine Futures: Realistic Prices (2020)Analytics for Wine Futures: R…Expert reviews, peer recommendations and buying red wine: experimental evidence (2019)Expert reviews, peer recommen…A hedonic price analysis for the Portuguese wine market: Does the distribution channel matter? (2019)A hedonic price analysis for …Consensus between Ratings of Red Bordeaux Wines by Prominent Critics and Correlations with Prices 2004–2010 and 2011–2016: Ashton Revisited and Expanded (2018)Consensus between Ratings of …The Distribution of Ratings Assigned to Blind Replicates (2017)The Distribution of Ratings A…Disentangling Wine Judges’ Consensus, Idiosyncratic, and Random Expressions of Quality or Preference (2017)Disentangling Wine Judges’ Co…Dimensions of Expertise in Wine Evaluation (2016)Dimensions of Expertise in Wi…Bordeaux Wine Vintage Quality and the Weather (1995)Estimation of a Hedonic Price Equation for Bordeaux Wine: Does Quality Matter? (1997)Soft Innovation (2010)Wine Prices and Quality Ratings: A Meta‐regression Analysis (2014)Quality, trade, and exchange rate pass-through (2016)Crime and Punishment: An Economic Approach (1968)A Conceptual Model of Service Quality and Its Implications for Future Research (1985)Consumer Perceptions of Price, Quality, and Value: A Means-End Model and Synthesis of Evidence (1988)Corporate Social Responsibility: A Theory of the Firm Perspective (2001)A Pure Theory of Local Expenditures (1956)Wages, Rents, and the Quality of Life (1982)Customer Satisfaction, Market Share, and Profitability: Findings From Sweden (1994)Skills, Tasks and Technologies: Implications for Employment and Earnings (2011)Hedonic price functions and the measurement of preferences: The case of Swedish wine consumers (1995)What Determines Wine Prices: Objective vs. Sensory Characteristics (2006)Econometric Analysis of Cross Section and Panel Data (2001)Awards, Success and Aesthetic Quality in the Arts (2003)Do More Expensive Wines Taste Better? 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(2019)Hedonic Price Functions and Wine Price Determinants: A Review of Empirical Research (2020)The Use of Quality and Reputation Indicators by Consumers: The Case of Bordeaux Wine (1997)Uncovering “theories‐in‐use”: building luxury wine brands (2004)Quality Expectations, Reputation and Price (2019)The Antecedents and Consequences of Customer Satisfaction for Firms (1993)
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References

  • 1974Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition10,715 cited
  • 1970Information and Consumer Behavior5,796 cited
  • 1974Advertising as Information3,430 cited
  • 2006The Oxford Companion to Wine348 cited
  • 2008Predicting the Quality and Prices of Bordeaux Wine268 cited
  • 2008The Impact of Gurus: Parker Grades and en Primeur Wine Prices201 cited
  • 2001Wine market prices and investment under uncertainty: an econometric model for Bordeaux Crus Classés167 cited
  • 2001Wine market prices and investment under uncertainty: an econometric model for Bordeaux Crus Classés166 cited
  • 2015The price of wine157 cited
  • 2008An Examination of Judge Reliability at a major U.S. Wine Competition146 cited
  • 2012Wine Economics143 cited
  • 2007The Pricing of Experience Goods: The Example ofen primeurWine140 cited
  • 2010Expert Opinion and the Demand for Experience Goods: An Experimental Approach in the Retail Wine Market113 cited
  • 2014On the Causality and Cause of Returns to Organizational Status99 cited
  • 1971The World Atlas of Wine87 cited
  • 2009

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Identifying the effect of unobserved quality and expert reviews in the pricing of experience goods: Empirical application on Bordeaux wine
87 cited

Cited by

  • 2016Dimensions of Expertise in Wine Evaluation35 cited
  • 2019A hedonic price analysis for the Portuguese wine market: Does the distribution channel matter?26 cited
  • 2021Wine Ratings: Seeking a Consensus among Tasters via Normalization, Approval, and Aggregation19 cited
  • 2023Ratings meet prices: The dynamic relationship of quality signals16 cited
  • 2019Expert reviews, peer recommendations and buying red wine: experimental evidence16 cited
  • 2018Consensus between Ratings of Red Bordeaux Wines by Prominent Critics and Correlations with Prices 2004–2010 and 2011–2016: Ashton Revisited and Expanded15 cited
  • 2020Analytics for Wine Futures: Realistic Prices14 cited
  • 2022Does quality pay off? “Superstar” wines and the uncertain price premium across quality grades12 cited
  • 2017The Distribution of Ratings Assigned to Blind Replicates12 cited
  • 2024Understanding brand reputation: a case study of Chinese wineries9 cited
  • 2020Diversification Benefit of Actual Investing in Fine Wine8 cited
  • 2020Geographical Indications as Factors of Market Value: Price Premiums and Their Drivers in the Hungarian Off-Trade Wine Market7 cited
  • 2017Disentangling Wine Judges’ Consensus, Idiosyncratic, and Random Expressions of Quality or Preference6 cited
  • 2024A machine learning and linear programming aided approach to wine ranking and selection4 cited
  • 2024How much are we willing to pay for quality wine? A meta‐analysis and meta‐regression analysis4 cited
  • 2020Wine Analytics3 cited