Heterogeneous buyer preferences behind rejecting the law of one price in the fine wines market
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DOI: 10.1016/j.econlet.2024.111744
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More about this item
Keywords
Fine wine; Hedonic method; Heterogeneous agent; Price;All these keywords.
JEL classification:
- Q19 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Other
- C26 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Instrumental Variables (IV) Estimation
- C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
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