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Determinants of Argentinean Wine Prices in the U.S

Author

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  • San Martín, Guillermo J.
  • Troncoso, Javier L.
  • Brümmer, Bernhard

Abstract

A hedonic price function for Argentinean wines in the U.S market is estimated in order to evaluate the effect of the most important attributes of wine on price. Results show that labeling practices and the choice of the right wine quality attributes are far more influential on price than expert panel opinions or oenological wine improvements such as age. (JEL Classification: Q11, C21, D12)

Suggested Citation

  • San Martín, Guillermo J. & Troncoso, Javier L. & Brümmer, Bernhard, 2008. "Determinants of Argentinean Wine Prices in the U.S," Journal of Wine Economics, Cambridge University Press, vol. 3(1), pages 72-84, April.
    • Handle: RePEc:cup:jwecon:v:3:y:2008:i:01:p:72-84_00
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    Cited by:

    1. Stefano Castriota, 2018. "Does Excellence Pay Off? Evidence from the Wine Market," BEMPS - Bozen Economics & Management Paper Series BEMPS49, Faculty of Economics and Management at the Free University of Bozen.
    2. Peter Gal & Attila Jambor, 2020. "Geographical Indications as Factors of Market Value: Price Premiums and Their Drivers in the Hungarian Off-Trade Wine Market," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 12(2), June.

    More about this item

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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