Implicit prices of attributes of fine German Riesling: magnitude and heterogeneity

Fedoseev, Vladimir; Fedoseeva, Svetlana; Herrmann, Roland

doi:10.1108/bfj-02-2022-0108

Cited by 3 publications

(5 citation statements)

References 29 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…From the managerial perspective, other studies delved into the impact of specific production conditions and winemaking techniques on wine quality [ 155 , 156 ]. As in the previous period, studies analysed the relationship between wine quality and price [ 157 , 158 ].…”

Section: Resultsmentioning

confidence: 99%

Three decades of research on wine marketing

Martínez-Navarro,

Sellers-Rubio

2024

Heliyon

View full text Add to dashboard Cite

Section: Resultsmentioning

confidence: 99%

Three decades of research on wine marketing

Martínez-Navarro,

Sellers-Rubio

2024

Heliyon

View full text Add to dashboard Cite

“…The selected quantiles reflect the price ranges considered for the linear regressions on ratings. As in the study by Fedoseev et al (2022), the DV was the logarithm of the price-per-bottle of each wine, and the same pool of regressors included in the rating regression models was used except for lognrat . …”

Section: Methodsmentioning

confidence: 99%

“…To tackle RQ2, following Caracciolo et al (2016) and Fedoseev et al (2022), we estimate a hedonic quantile model (HQM) through conditional quantile regression shown in equation ( 2), as implicit prices vary significantly over different market price percentiles. This technique is widely used for robust estimations.…”

Section: B Empirical Models Specificationmentioning

confidence: 99%

Factors influencing wine ratings in an online wine community: The case of Trentino–Alto Adige

Gastaldello,

Schäufele-Elbers,

Schamel

2024

J Wine Econ

View full text Add to dashboard Cite

Consumers often struggle to make their choice in the highly diversified wine market. With wine being an experience good, consumers must rely on extrinsic characteristics, e.g., information on the label. Thus, easily available quality signals like consumer ratings have become an increasingly useful and widespread tool. Vivino is one of the largest online wine communities with over 60 million users, which have more than doubled since 2018. Hence, users have easy access to peer ratings, while established wine expert ratings are being challenged. This study analyzes data from Vivino to explore factors affecting consumer ratings at different price points, considering several wine attributes like geographical indications, brand, and the so-called “community effect.” We show that there is a small but significant community effect on wine's perceived quality related to its popularity among users of the Vivino community, as well as effects from specific wine attributes. Moreover, we estimate a hedonic quantile model on similar price ranges to compare the effect of the same regressors on wine prices. Results contribute to a better understanding of how different factors affect consumers’ wine evaluations, allowing to compare their effect on the “pure” consumer preference (i.e., consumer ratings) and market value.

show abstract

“…Two additional recent papers also explore the role and value of the place of production and of the GI: Fedoseev et. al (2023) and Souz Gonzaga et al (2022) [35,36]. Information conveyed by GIs span from the place of production, the grapes used, the production method, the reputation associated to the GI name and established through times.…”

Section: Methodsmentioning

confidence: 99%

“…Moreover, the vintage is often included in hedonic price estimates [22,35]. Its influence on wine quality and prices is double; first, the vintage expresses climate variables, second, it brings quality transformation through ageing.…”

Section: Methodsmentioning

confidence: 99%

The grapes in Italian wines: assessing their value

Carbone,

Quici,

Cacchiarelli

2023

WEP

View full text Add to dashboard Cite

The goal of this work is to assess the impact of grape varieties on the prices of Italian wines. As an important share of this wine is exported worldwide, we look at international markets. We gauge this influence by estimating a hedonic price model based on a sample of 2315 Italian still wines reviewed in Robert Parker’s Wine Advocate. The work expands results offered in literature so far as it considers quite a large number of international national and autochthonous varieties used for producing both red and white wines. Moreover, we propose an original perspective by exploring the different impacts of ageing on wine prices according to the different grape varieties utilized. Results show that, besides the well-known Italian geographical divide, many grape varieties significantly associate with different price levels. Overall, this impact is larger in the case of red wines than for the white ones. Furthermore, for the formers there are few well known varieties associated with positive price premiums, while for white wines, less widespread autochthonous varieties gain higher prices. Last, we found that successful ageing process involve both native varieties of northern and southern Italy as well as international ones.

show abstract

Implicit prices of attributes of fine German Riesling: magnitude and heterogeneity

Cited by 3 publications

References 29 publications

Three decades of research on wine marketing

Three decades of research on wine marketing

Factors influencing wine ratings in an online wine community: The case of Trentino–Alto Adige

The grapes in Italian wines: assessing their value

Contact Info

Product

Resources

About