期刊名称：Journal of Agricultural and Resource Economics
印刷版ISSN：1068-5502
出版年度：2018
卷号：43
期号：3
页码：388-402
出版社：WAEA
摘要：When purchasing experience goods, consumers often rely on information from expert evaluations.In this article, we quantify how expert information impacts prices across product segments.For higher-end products, consumers have the incentive to invest more time in research priorto purchase. Thus, expert evaluations should have a greater impact on the price of higher-endsegments. We analyze the effects of tasting notes on wine prices across price categories and findthat certain keywords used in tasting notes to describe wine characteristics exert a significantinfluence on wine prices. These effects vary across different segments, with the greatest impacton the premium segment.
