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A Hedonic Price Function For Australian Premium Table Wine Author info | Abstract | Publisher info | Download info | Related research | Statistics Oczkowski, Edward
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A hedonic price function, relating the price of Australian wine to its attributes, is estimated. Six attribute groups are found to be statistically important in explaining deviations from average wine prices, i.e., quality, cellaring potential, grape variety/style, grape region, grape vintage and producer size. Various interaction terms between these variables and the impact of the year of marketing are also modelled. The consequent marketing implications for producers and consumers are discussed.
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Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics .
Volume (Year): 38 (1994)
Issue (Month): 01 (April)
Pages:
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Handle: RePEc:ags:ajaeau:22421Contact details of provider: Postal: AARES Central Office Manager, APSEG, ANU, Canberra ACT 0200 Phone: (02) 6125 6564 Email: Web page: http://www.aares.info/ More information through EDIRC
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Keywords: Marketing ; Research Methods/ Statistical Methods ; Other versions of this item:
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: A. Golan & H. Shalit, 1993.
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Rosen, Sherwin, 1974.
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Coelli, T. & Lloyd-Smith, J. & Morrison, D. & Thomas, J., 1991.
"Hedonic Pricing For A Cost Benefit Analysis Of A Public Water Supply Scheme ,"
Australian Journal of Agricultural Economics ,
Australian Agricultural and Resource Economics Society, vol. 35(01), April.
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Clements, K.W. & Selvanathan, S., 1991.
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Australian Journal of Agricultural Economics ,
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Godfrey, Leslie G & McAleer, Michael & McKenzie, Colin R, 1988.
"Variable Addition and LaGrange Multiplier Tests for Linear and Logarithmic Regression Models ,"
The Review of Economics and Statistics ,
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Santos, J. Freitas & Ribeiro, J. Cadima, 2005.
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Sanja Lutzeyer, 2008.
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Danielle E. Rabkin & Timothy K.M. Beatty, 2007.
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