Does belonging to an appellation make a difference?
| Autor: | Omer Gokcekus |
|---|---|
| Rok vydání: | 2021 |
| Předmět: | |
| Zdroj: | Wine Economics and Policy. |
| ISSN: | 2212-9774 2213-3968 |
| DOI: | 10.36253/wep-10391 |
| Popis: | Assuming that wine markets are efficient, ultimately a bottle of wine’s cost and therefore its price should reflect its vintage, grape variety as well as how it is vinified. Yet, being an experiential good, a wine’s price is also closely related to its place of origin. If the designated viticultural area of wine is coming from is not considered, even in a relatively new wine country, wine makers may end up over-estimating the premium attached to vintage, variety as well as how it is vinified. Regression results indicate that, for Ontario wines, the over-estimations vary between 1% points and 18% points. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|