A Hedonic Pricing Model for German Wine

We develop a hedonic pricing model for German quality wine. Quality indicators for 4,141 wines are sensory awards received at the annual German wine competition and the legally required quality category as well as a set of control variables including regional origin, color, style, and their age at the time of judging. The data confirms that sensory quality awards have a significant and positive price impact. Moreover, we estimate significant relative differences between quality categories, growing regions and most of the control variables.


Variant title:
Ein hedonisches Preismodell für Qualitätswein aus Deutschland
Issue Date:
2003
Publication Type:
Journal Article
DOI and Other Identifiers:
ISSN 0002-1121 (Other)
PURL Identifier:
http://purl.umn.edu/97975
Published in:
German Journal of Agricultural Economics, Volume 52, Number 5
Page range:
247-254
Total Pages:
8




 Record created 2017-04-01, last modified 2017-05-15

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