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What determines wine prices : objective vs sensory characteristics

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).
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https://hal.inrae.fr/hal-02928051
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Submitted on : Wednesday, September 2, 2020 - 11:29:12 AM
Last modification on : Thursday, April 22, 2021 - 1:20:03 PM

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  • HAL Id : hal-02928051, version 1
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Michael Visser. What determines wine prices : objective vs sensory characteristics. Handbook of the Economics of Wine, 1/May 2018, World Scientific, pp.584, 2018, 9814740594. ⟨hal-02928051⟩

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