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What Determines Port Wine Prices?

Author

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  • Viana, Rui Couto
  • Rodrigues, Lúcia Lima

Abstract

In this study, we estimate a cross-sectional hedonic price function for Port wines in order to determine the price influence of several Port wine characteristics. Drawing on a large sample of more than 14,000 sales from the biggest Port wine firms we find that market prices can be explained by objective characteristics such as age, type of Port and type of brand appearing on the bottle label and subjective characteristics such as firm reputation. The Port type is the main price determinant. (JEL Classification: C21, Q11)

Suggested Citation

  • Viana, Rui Couto & Rodrigues, Lúcia Lima, 2007. "What Determines Port Wine Prices?," Journal of Wine Economics, Cambridge University Press, vol. 2(2), pages 203-212, October.
    • Handle: RePEc:cup:jwecon:v:2:y:2007:i:02:p:203-212_00
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    Cited by:

    1. Kelly Grogan, 2015. "The value of added sulfur dioxide in French organic wine," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 3(1), pages 1-25, December.

    More about this item

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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