Wine quality and varietal, regional and winery reputations: hedonic prices for Australia and New Zealand
Date
2003-09
Authors
SCHAMEL, Guenter
Anderson, Kym
Journal Title
Journal ISSN
Volume Title
Publisher
Wiley
Abstract
We estimate hedonic price functions for premium wine from Australia
and New Zealand, differentiating implicit prices for sensory quality ratings,
wine varieties and regional as well as winery brand reputations over the
s 1992–2000. The results show regional reputations have become
increasingly differentiated through time (although less so for New Zealand).
In particular, cool-climate regions are becoming increasingly preferred over
other regions in Australia. In each country, price premia associated with both
James Halliday’s and Winestate magazine’s sensory quality ratings, and with
Halliday’s winery ratings and classic wine designations, are highly significant.
Description
Keywords
wine, Australia, New Zealand, price, 1992–2000, vintage
Citation
Collections
Source
Economic Record
Type
Journal article