Hedonic Decomposition of Beer Prices: Consumer Ratings and Quantity Discounts

Michis, Antonis A.

doi:10.1080/13571516.2023.2286027

International Journal of the Economics of Business

2023

DOI: 10.1080/13571516.2023.2286027

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Hedonic Decomposition of Beer Prices: Consumer Ratings and Quantity Discounts

Antonis A. Michis

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2024

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Is more always better? The returns to alcohol by volume—Evidence from the Austrian “Spirits Trophy 2023”

Frick,

Kaimann

2024

J Wine Econ

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Hedonic models that seek to explain the observable variation in wine and beer prices have so far included alcohol by volume (ABV) only as a control variable without paying much attention to the magnitude of the coefficient and without questioning the implicit assumption that the impact of ABV on bottle prices is indeed linear. Using data from the “Austrian Spirits Trophy 2023,” we find the relationship between ABV and bottle prices to be nonlinear, with statistically significant effects observed for linear, squared, and cubic terms of alcohol content. Moreover, we find expert evaluations of spirits to demonstrate a nonlinear relationship with ABV too.

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Is more always better? The returns to alcohol by volume—Evidence from the Austrian “Spirits Trophy 2023”

Frick,

Kaimann

2024

J Wine Econ

View full text Add to dashboard Cite

show abstract

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Hedonic Decomposition of Beer Prices: Consumer Ratings and Quantity Discounts

Cited by 1 publication

References 52 publications

Is more always better? The returns to alcohol by volume—Evidence from the Austrian “Spirits Trophy 2023”

Is more always better? The returns to alcohol by volume—Evidence from the Austrian “Spirits Trophy 2023”

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