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  • 标题:Price Heterogeneity and Vine Homogeneity: An Ordered Logit Hedonic Price Estimation
  • 本地全文:下载
  • 作者:Pomarici, Eugenio ; Caracciolo, Francesco ; Cembalo, Luigi
  • 期刊名称:Journal of Agribusiness
  • 印刷版ISSN:0738-8950
  • 出版年度:2012
  • 页码:220-228
  • 出版社:Journal of Agribusiness
  • 摘要:Consumers face complex choices when they buy wine: wine is a highly differentiated product sold at prices that vary over a wide range. This paper aims to provide monetary valuation of some relevant credence attributes of the wine, such as certifications and quality ratings made by expert tasters. In order to value the latter, a hedonic price estimation was performed on a specific Italian grape variety (Aglianico). The implicit price of DOC-DOCG certification is of extreme importance. It gives access to a collective reputation and enables a premium price to be captured from consumers.
  • 关键词:attributes;certification;hedonic;wine.
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