What determines the future value of an icon wine? new evidence from Australia

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dc.contributor.authorWood, Danielleen_AU
dc.contributor.authorAnderson, Kymen_AU
dc.date.accessioned2016-08-09T00:46:18Z
dc.date.available2016-08-09T00:46:18Z
dc.date.created2006en_AU
dc.description.abstractTo what extent can the future price of icon wines be anticipated from information available at the time of their initial sale by wineries? Using a seemingly unrelated regression model we show that weather variables and changes in production techniques, along with the age of the wine, have significant power in explaining the secondary market price variation across different vintages of each of three icon Australian red wines. The results have implications for winemakers in determining the prices they pay for grapes and charge for their wines, and for consumers/wine investors as a guide to the prospective quality of immature icon wines.en_AU
dc.format.extent21 pagesen_AU
dc.format.mimetypeapplication/pdfen_AU
dc.identifier.issn1931-4361en_AU
dc.identifier.urihttp://hdl.handle.net/1885/107147
dc.language.isoen_AUen_AU
dc.publisherAmerican Association of Wine Economistsen_AU
dc.rights© American Association of Wine Economists 2006en_AU
dc.sourceJournal of Wine Economicsen_AU
dc.subjectpriceen_AU
dc.subjecticonen_AU
dc.subjectwinesen_AU
dc.subjectregressionen_AU
dc.subjectmodelen_AU
dc.subjectAustralianen_AU
dc.subjectreden_AU
dc.subjectvariationen_AU
dc.subjectvintagesen_AU
dc.subjectmarketen_AU
dc.subjectsecondaryen_AU
dc.titleWhat determines the future value of an icon wine? new evidence from Australiaen_AU
dc.typeJournal articleen_AU
local.bibliographicCitation.issue2en_AU
local.bibliographicCitation.lastpage161en_AU
local.bibliographicCitation.startpage141en_AU
local.contributor.affiliationAnderson, Kym, Arndt-Corden Department of Economics, CAP Crawford School of Public Policy, The Australian National Universityen_AU
local.contributor.authoremailkym.anderson@anu.edu.auen_AU
local.contributor.authoruidu4042848en_AU
local.description.notesAt the time of publication Kym Anderson was affiliated with the World Bank, University of Adelaide and CEPR, Washington DC.en_AU
local.identifier.citationvolume1en_AU
local.identifier.doi10.1017/S1931436100000171en_AU
local.identifier.essn1931-437Xen_AU
local.identifier.uidSubmittedByu4579722en_AU
local.publisher.urlhttp://www.cambridge.org/en_AU
local.type.statusPublished Versionen_AU

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