Estimation of a hedonic price equation for Bordeaux wine: Does quality matter?
Estimation of a hedonic price equation for Bordeaux wine: Does quality matter?
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DOI：
10.1111/j.0013-0133.1997.165.x
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发表时间：
1997-03-01
期刊：
影响因子：
3.2
通讯作者：
Visser, M
中科院分区：
文献类型：
--
作者：
Combris, P;Lecocq, S;Visser, M
本文将特征价格技术应用于波尔多葡萄酒。在特征价格函数中，我们不仅包括出现在瓶子标签上的“客观”特征，而且还包括葡萄酒的感官特征。我们的数据来自一项实验研究，在这项研究中，陪审团对波尔多葡萄酒的样品进行了评估和分级。特征价格方程的估计表明，市场价格基本上是由客观特征决定的，陪审团等级方程的估计表明，质量，不像市场价格，基本上是由感官特征决定的。
In this paper the hedonic price technique is applied to Bordeaux wine. In the hedonic price function we include not only the 'objective' characteristics appearing on the label of the bottle, but also the sensory characteristics of the wine. Our data come from an experimental study in which juries have evaluated and graded a sample of Bordeaux wines. The estimation of the hedonic price equation shows that the market price is essentially determined by the objective characteristics, The estimation of a jury grade equation shows that quality, unlike the market price, is essentially determined by the sensory characteristics.