Nonlinear hedonic pricing: a confirmatory study of South African wines

Priilaid, David; Rensburg, Paul van

doi:10.2147/ijwr.s28321

Cited by 8 publications

(5 citation statements)

References 26 publications

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“…Again, these results appear to have held up over time as Schamel and Anderson () also identified premiums for pinot noir and shiraz and discounts for sauvignon blanc and semillon. Premiums for pinot noir and chardonnay have also been estimated for other countries, for example Priilaid and van Rensburg () for South Africa, and Roma et al . () for Italy.…”

Section: Prices and Australian Wine Show Medals And Pointsmentioning

confidence: 84%

The relation between Australian wine show results and prices

Oczkowski

2019

Aus J Agri & Res Econ

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This paper assesses wine show results and their relation with wine prices across seven Australian shows. Consistent with previous studies, only a moderate degree of agreement for medals exists among shows. The correlation of wine show points across shows is also only moderate. Hedonic wine price functions, which employ show medal/points as direct measures of quality, indicate that for some shows estimated premiums are statistically significant and may possibly be practically important. The relation of show opinion with prices, however, is reduced for models which recognise the separate impact of objective quality and show opinion on prices. The results imply that producers should seek to improve the objective quality of their wines to achieve price premiums. Producers could also selectively target some wine show opinions to gain additional higher prices.

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Section: Prices and Australian Wine Show Medals And Pointsmentioning

confidence: 84%

The relation between Australian wine show results and prices

Oczkowski

2019

Aus J Agri & Res Econ

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“…This means that the NIMBY unfavourable effect on houses is confirmed if houses in proximity to an MIH experience decline in prices. Literature specified hedonic price modelling with the use of other control attributes and characteristics into environmental, structural, neighbourhood and locational factors (Boshoff, 2013;Du Preez, 2013;Priilaid, D, & van Rensburg, 2012;Borowiecki, 2009;Ham & Manley, 2009;Selim, 2008;Delorenzi, 2006;Garner et al 2006;Van Wen et al 2004;Limsombunc et al 2004;Barker, 2003;Ball, 1973). Also, distance contours are able to capture proximity advantages in determining house prices.…”

Section: Location Theorymentioning

confidence: 99%

Does an Inclusive Housing Development Depress Neighbourhood House Prices? A Case Study of Cosmo City, Johannesburg, South Africa.

SIMBANEGAVI¹,

IJASAN²

2022

JICBE

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South Africa joined the global world in building inclusive housing, known as Mixed Income Housing (MIH) as a way to integrate and transform residential markets previously distorted by the discriminatory apartheid regime. However, despite the benefits of MIHs in deconcentrating poverty while boosting housing supply, these inclusive neighbourhoods often experience amplified cases of ‘Not in My Back Yard’ (NIMBY) for various reasons. Thus, approval processes of these inclusive housing developments get to be highly contested in courts, which causes huge delays in their completion. The paper aims to investigate the effect of NIMBY on the price of houses in a mixed-income neighbourhood. The paper used a cross sectional hedonic model on houses sold in the neighbourhood of Cosmo City MIH. The limitation is that a typical and purposely selected Cosmo city case study may not be generalizable to South Africa at large. Results show that Cosmo City had negligible effects on neighbourhood house prices. This is rather surprising given the unfavourable perception encountered during its development. The practical implication is that improving infrastructure such as roads to reduce traffic congestion, building new schools, new hospitals, security services, and new shopping centers reduce pressure on available services and amenities making inclusive housing acceptable in its neighbourhood. The social implication is that inclusive housing developments default into supplying the much-needed social housing in South Africa. Scientifically measuring perception on accepting MIH development projects in well-established neighbourhoods does contribute to understanding the plight of housing shortage by the public in ways that accepts inclusivity from an investment point of view.

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“…First, hedonics is defined as the pleasure, utility or efficacy derived through the consumption of a particular good or service (Priilaid and van Rensburg, 2012). Second, peace of mind is referred to as a state of mental and emotional calmness, undisturbed by worries, anxieties or fear (Sasson, 2014).…”

Section: Related Concepts and Hypothesesmentioning

confidence: 99%

Experiential quality, experiential relationship quality and future experiential intentions in the Macau gaming industry

Chang

et al. 2021

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Purpose The purpose of this paper is to use the Macau gaming industry as a case study to discuss the multifaceted relationships involving experiential quality, experiential relationship quality and future experiential intentions. Design/methodology/approach In this study, 566 usable responses were collected from casino gamblers who had gaming experience in one casino of Macau. Findings According to the study results, the dimensions of experiential quality (hedonics, involvement, surprise, fun, gambler contact and physical environment) had a positive effect on experiential satisfaction, which in turn led to experiential trust. Both experiential trust and experiential satisfaction positively influenced experiential commitment. Moreover, experiential trust, experiential satisfaction and experiential commitment positively affected future experiential intentions. Originality/value The main contribution of this research is that it has added to the body of knowledge about the interplay between the dimensions of experiential quality, the dimension of experiential relationship quality and future experiential intentions, which can be fruitful for the gaming industry.

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Nonlinear hedonic pricing: a confirmatory study of South African wines

Cited by 8 publications

References 26 publications

The relation between Australian wine show results and prices

The relation between Australian wine show results and prices

Does an Inclusive Housing Development Depress Neighbourhood House Prices? A Case Study of Cosmo City, Johannesburg, South Africa.

Experiential quality, experiential relationship quality and future experiential intentions in the Macau gaming industry

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