The wine hedonic price models in the "Old and New World": : state of the art
The basic hedonic hypothesis is that goods are valued for their utility-bearing characteristics and not for the good itself. Each attribute can be evaluated by consumers when making a purchasing decision and an implicit price can be identified for each of them. Thus, the observed price of a certain...
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| Autores principales: | , , |
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| Formato: | article Artículo publishedVersion |
| Lenguaje: | Inglés |
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Universidad Nacional de Cuyo. Facultad de Ciencias Agrarias
2012
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| Acceso en línea: | http://bdigital.uncu.edu.ar/4525 |
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I11-R84525 |
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dspace |
| institution |
Universidad Nacional de Cuyo |
| institution_str |
I-11 |
| repository_str |
R-8 |
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Biblioteca Digital |
| language |
Inglés |
| orig_language_str_mv |
eng |
| topic |
Italia Mendoza (Argentina) Precios Vinos Modelo de precios hedónicos Hedonic price model Implicit prices |
| spellingShingle |
Italia Mendoza (Argentina) Precios Vinos Modelo de precios hedónicos Hedonic price model Implicit prices Estrella Orrego, María Jimena Defrancesco, Edi Gennari, Alejandro The wine hedonic price models in the "Old and New World": : state of the art |
| topic_facet |
Italia Mendoza (Argentina) Precios Vinos Modelo de precios hedónicos Hedonic price model Implicit prices |
| description |
The basic hedonic hypothesis is that goods are valued for their utility-bearing characteristics and not for the good itself. Each attribute can be evaluated by consumers when making a purchasing decision and an implicit price can be identified for each of them. Thus, the observed price of a certain good can be analyzed as the sum of the implicit prices paid for each quality attribute. Literature has reported hedonic models estimates in the case of wines, which are excellent examples of
differentiated goods worldwide.The impact of different wine attributes (intrinsic or extrinsic) on consumers’ willingness to pay has been analyzed with dissimilar results. Wines coming from "New World" producers seem to be appreciated for different attributes than wines produced in the "Old World". Moreover, "Old and New World" consumers seem to value differently the wine’s characteristics. To our knowledge, no cross country analysis has been done dealing with "New World" wines in "Old World" countries, leaving an important gap in understanding underlying attributes influencing buying decisions.
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| format |
article Artículo Artículo publishedVersion |
| author |
Estrella Orrego, María Jimena Defrancesco, Edi Gennari, Alejandro |
| author_facet |
Estrella Orrego, María Jimena Defrancesco, Edi Gennari, Alejandro |
| author_sort |
Estrella Orrego, María Jimena |
| title |
The wine hedonic price models in the "Old and New World":
: state of the art |
| title_short |
The wine hedonic price models in the "Old and New World":
: state of the art |
| title_full |
The wine hedonic price models in the "Old and New World":
: state of the art |
| title_fullStr |
The wine hedonic price models in the "Old and New World":
: state of the art |
| title_full_unstemmed |
The wine hedonic price models in the "Old and New World":
: state of the art |
| title_sort |
wine hedonic price models in the "old and new world":
: state of the art |
| publisher |
Universidad Nacional de Cuyo. Facultad de Ciencias Agrarias
|
| publishDate |
2012 |
| url |
http://bdigital.uncu.edu.ar/4525 |
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