Understanding how experts rate cigars: a ‘havanometric’ analysis
AbstractDrawing on data from an annual French guidebook published in 2004, this article focuses on the determinants of experts’ ratings on Cuban cigars. We find that high quality cigars are more likely to be recommended to more experienced cigar lovers. Both the self-assessed quality and recommendation depend on the length and diameter of the cigars, but also on more subjective characteristics like number and type of aromas. Results from a Fields’ decomposition show that the quality of cigars is much more sensitive to the presence of a defect and number of aromas than the experts’ recommendation, which is more influenced by the rarity of cigars. Finally, it is essentially the cigars’ objective characteristics that have an influence on their prices, meaning that consumers truly benefit from additional qualitative information when reading experts’ advice and ratings.
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 Taylor & Francis Journals in its journal Applied Economics.
Volume (Year): 45 (2013)
Issue (Month): 1 (January)
Contact details of provider:
Web page: http://www.tandfonline.com/RAEC20
Other versions of this item:
- Nicolas Gérard Vaillant & François-Charles Wolff, 2010. "Understanding how experts rate cigars: A “havanometric” analysis," Working Papers hal-00547705, HAL.
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.:
- Gourieroux Christian & Monfort Alain & Renault E & Trognon A, 1985.
CEPREMAP Working Papers (Couverture Orange)
- Héla Hadj Ali & Sébastien Lecocq & Michael Visser, 2005.
"The impact of gurus : Parker grades and en primeur wine prices,"
Research Unit Working Papers
0507, Laboratoire d'Economie Appliquee, INRA.
- HélaHadj Ali & Sébastien Lecocq & Michael Visser, 2008. "The Impact of Gurus: Parker Grades and "En Primeur" Wine Prices," Economic Journal, Royal Economic Society, vol. 118(529), pages F158-F173, 06.
- Ali, Hela Hadj & Lecocq, Sebastien & Visser, Michael, 2007. "The Impact of Gurus: Parker Grades and EN PRIMEUR Wine Prices," Working Papers 37292, American Association of Wine Economists.
- Hadj Ali H. & Lecocq S. & Visser M., 2007. "The impact of gurus: Parker grades and en primeur wine prices¤," Working Papers ERMES 0718, ERMES, University Paris 2.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If references are entirely missing, you can add them using this form.