Estimation of a hedonic price equation for Bordeaux wine: Does quality matter?

被引：244

作者：

Combris, P ^{[1
]}

Lecocq, S ^{[1
]}

Visser, M ^{[1
]}

机构：

[1] UNIV PARIS 01, LAMIA, F-75231 PARIS 05, FRANCE

来源：

ECONOMIC JOURNAL | 1997年 / 107卷 / 441期

关键词：

D O I：

10.1111/j.0013-0133.1997.165.x

中图分类号：

F [经济];

学科分类号：

02 [经济学];

摘要：

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.

引用

页码：390 / 402

页数：13

共 22 条

[1]

[Anonymous], 1961, PRICE STAT FEDERAL G

[2]

ECONOMETRIC ISSUES OF ESTIMATING HEDONIC PRICE FUNCTIONS - WITH AN APPLICATION TO THE UNITED-STATES MARKET FOR AUTOMOBILES [J].