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Fine Water: A Hedonic Pricing Approach

Author

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  • Capehart, Kevin W.

Abstract

Bottles of water vary in price with some priced as if they were bottles of fine wine. This article attempts to explain price differences between over 100 bottled waters included in a guidebook to fine waters by drawing on the hedonic pricing approach, which has been used to try to explain price differences among bottles of wine. As part of that approach, the price of each bottled water is regressed against various characteristics, including those related to its water. Water-related characteristics explain only a small part of the price differences among the bottled waters. Thus, to a large extent, the premium that consumers pay for a more expensive bottled water does not seem to be a premium for its water. (JEL Classifications: C21, Q25)

Suggested Citation

  • Capehart, Kevin W., 2015. "Fine Water: A Hedonic Pricing Approach," Journal of Wine Economics, Cambridge University Press, vol. 10(2), pages 129-150, November.
    • Handle: RePEc:cup:jwecon:v:10:y:2015:i:02:p:129-150_00
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    Cited by:

    1. Johnson, Rutherford Cd., 2016. "A Probabilistic Demand Application In The American Cracker Market," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 4(3), pages 1-13, July.

    More about this item

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • Q25 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Water

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