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A Hedonic Price Analysis for the New Zealand Wine Industry: Preliminary Results

Author

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  • Bicknell, Kathryn
  • Friesen, Lana
  • MacDonald, Ian

Abstract

This paper presents preliminary results from a hedonic price analysis of premium wines in New Zealand over the vintages 1994 – 2003. Implicit prices are presented for a sensory quality rating, as well as wine variety and regional reputation. Results show that the price premium associated with Michael Cooper's five-star quality rating is highly significant and increasing in magnitude over the study period. Trends in regional and varietal preferences are also explored.

Suggested Citation

  • Bicknell, Kathryn & Friesen, Lana & MacDonald, Ian, 2005. "A Hedonic Price Analysis for the New Zealand Wine Industry: Preliminary Results," 2005 Conference, August 26-27, 2005, Nelson, New Zealand 98502, New Zealand Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:nzar05:98502
    DOI: 10.22004/ag.econ.98502
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    File URL: https://ageconsearch.umn.edu/record/98502/files/2005-10-hedonic%20price%20analysis%20for%20nz%20wine%20industry.pdf
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    Cited by:

    1. Fleming, Euan & Mounter, Stuart & Grant, Bligh & Griffith, Garry, 2014. "Can we explain variations in winery ratings in Victoria?," Australasian Agribusiness Review, University of Melbourne, Department of Agriculture and Food Systems, vol. 22, pages 1-13.

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