IDEAS home Printed from https://ideas.repec.org/a/ags/eaaeac/97369.html
   My bibliography  Save this article

Uso de modelos hedónicos y de búsqueda para el análisis de precios de vinos en supermercados

Author

Listed:
  • Gonzalez, Jose
  • Melo, Oscar

Abstract

Hedonic price models have been widely used to understand the effect of wine attributes. But these have not properly estimated the effect of quality in the Chilean market. Moreover, we found no study in the literature that has included bottle weight in the hedonic equation. We also try to explain the differences in prices observed for identical product within and between different comunas in Santiago. We explore the role of average income, number of supermarkets, and price variation in explaining these price differences. Results show that quality, measured by scores given by a panel of experts, does have a positive impact on price, and bottle weight has a positive but decreasing impact on price. We also find that average income does not have a significant effect on price differences but supermarket density and price variability does.

Suggested Citation

  • Gonzalez, Jose & Melo, Oscar, 2008. "Uso de modelos hedónicos y de búsqueda para el análisis de precios de vinos en supermercados," Economi­a Agraria (Revista Economia Agraria), Agrarian Economist Association (AEA), Chile, vol. 12, pages 1-14.
    • Handle: RePEc:ags:eaaeac:97369
    DOI: 10.22004/ag.econ.97369
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/97369/files/Art.%201.%20Gonz_lez%20y%20Melo.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.97369?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ballco, Petjon & Gracia, Azucena, 2020. "Do market prices correspond with consumer demands? Combining market valuation and consumer utility for extra virgin olive oil quality attributes in a traditional producing country," Journal of Retailing and Consumer Services, Elsevier, vol. 53(C).
    2. Jacobo Núñez & David Martín‐Barroso & Francisco J. Velázquez, 2024. "The hedonic price model for the wine market: A systematic and comparative review of the literature," Agricultural Economics, International Association of Agricultural Economists, vol. 55(2), pages 247-264, March.
    3. García Arancibia, Rodrigo & Rossini, Gustavo & Depetris Guiguet, Edith, 2015. "Wine Label Descriptors and Shelf Price Paid by Argentine Consumers," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 16(2), pages 1-17.

    More about this item

    Keywords

    Demand and Price Analysis;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:eaaeac:97369. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/aeaagea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.