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Hedonic Price Functions and Wine Price Determinants: A Review of Empirical Research

Author

Listed:
  • Outreville Jean-François

    (Burgundy School of Business, 29 rue Sambin, Dijon21006, France)

  • Le Fur Eric

    (INSEEC Business School, H19, Quai de Bacalan, Bordeaux, Aquitaine-Limousin-Poitou33000, France)

Abstract

The objective of this paper is to present a descriptive review of all the studies published on wine price determinants. The selection process has been carefully designed to assure that we cover the complete literature of hedonic price functions and wine price determinants. Because of the heterogeneity among these studies, the objective was to classify all the determinants in clusters related to geographical and agricultural factors, time horizon, public information and, supply factors (production costs and volume of production).

Suggested Citation

  • Outreville Jean-François & Le Fur Eric, 2020. "Hedonic Price Functions and Wine Price Determinants: A Review of Empirical Research," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 18(2), pages 1-27, November.
    • Handle: RePEc:bpj:bjafio:v:18:y:2020:i:2:p:27:n:2
    DOI: 10.1515/jafio-2019-0028
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    More about this item

    Keywords

    hedonic models; price determinants; Wine Economics;
    All these keywords.

    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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