Do the Scandinavian consumers pay a â€˜fairâ€™ price for premium German white wines?
AbstractThe aim of this paper is to analyse the retail prices of premium German white wines sold in the Scandinavian countries. German white wines account for approximately 5-6 per cent of the total sale of wines â€“ both red and white wines - in Denmark, Norway and Sweden. However, the market shares of German wines in Scandinavia have been declining for a number of years. Diminishing market shares may reflect changes in consumer taste or simply â€˜wrongâ€™ prices, the latter related to both the level of wine prices (German wines being relatively expensive) and the structure of wine prices. In general, country-specific price differences for identical wines may be caused by differences in taxes, different import prices, transportation costs as well as other costs - and also different competitive conditions at the retail level in the respective countries. Still, differences in wine prices across countries do not always reflect the above mentioned factors. The aim of this paper is to analyse further the relationship between the prices of German white wines in the Scandinavian countries and the prices in the country of production (Germany) by direct comparison (price level) and by using a hedonic price function approach (price structure). Using a sample of 150 German white wines being supplied on at least one of the national markets in Scandinavia the analyses suggest that the prices on German premium white wines on the Scandinavian markets are fair â€“ both in terms of absolute average prices and in terms of relative prices.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Humboldt-Universitaet zu Berlin, Department for Agricultural Economics in its journal German Journal of Agricultural Economics.
Volume (Year): 55 (2006)
Issue (Month): 8 ()
German white wine; Scandinavian wine markets; hedonic prices; Demand and Price Analysis;
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.