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Estimation of a hedonic price equation for Alsace, Beaujolais and Provence wines

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  • Jean-Marie Cardebat
  • Jean-Marc Figuet

Abstract

The aim of this article is to explain Alsace, Beaujolais and Provence wine prices. The hedonic price method is applied to determine the main explanatory variables factors of price differences. This method indicates that the relationship between quality and price of the Alsace, Beaujolais and Provence wine areas is poor. This result explains, at least partially, the fall from favour of French wines in the eyes of foreign consumers and the resulting crisis in the French wine industry.

Suggested Citation

  • Jean-Marie Cardebat & Jean-Marc Figuet, 2009. "Estimation of a hedonic price equation for Alsace, Beaujolais and Provence wines," Applied Economics Letters, Taylor & Francis Journals, vol. 16(9), pages 921-927.
    • Handle: RePEc:taf:apeclt:v:16:y:2009:i:9:p:921-927
    DOI: 10.1080/13504850701222145
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    Cited by:

    1. Raj Chandra & Gabriel E. Lade & GianCarlo Moschini, 2021. "Geographical Indications and Welfare: Evidence from the US Wine Market," Center for Agricultural and Rural Development (CARD) Publications 21-wp628, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    2. Min-Yang Lee, 2014. "Hedonic Pricing of Atlantic Cod: Effects of Size, Freshness, and Gear," Marine Resource Economics, University of Chicago Press, vol. 29(3), pages 259-277.
    3. Cardebat, Jean-Marie & Jiao, Linda, 2018. "The long-term financial drivers of fine wine prices: The role of emerging markets," The Quarterly Review of Economics and Finance, Elsevier, vol. 67(C), pages 347-361.
    4. 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.

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