When Does The Price Affect The Taste? Results From A Wine Experiment
Author
Abstract
Suggested Citation
DOI: 10.22004/ag.econ.51755
Download full text from publisher
Other versions of this item:
- Almenberg, Johan & Dreber, Anna, 2011. "When Does the Price Affect the Taste? Results from a Wine Experiment," Journal of Wine Economics, Cambridge University Press, vol. 6(1), pages 111-121, January.
- Almenberg, Johan & Dreber, Anna, 2009. "When Does the Price Affect the Taste? Results from a Wine Experiment," SSE/EFI Working Paper Series in Economics and Finance 717, Stockholm School of Economics, revised 02 Mar 2010.
References listed on IDEAS
- Goldstein, Robin & Almenberg, Johan & Dreber, Anna & Emerson, John W. & Herschkowitsch, Alexis & Katz, Jacob, 2008.
"Do More Expensive Wines Taste Better? Evidence from a Large Sample of Blind Tastings,"
Journal of Wine Economics, Cambridge University Press, vol. 3(1), pages 1-9, April.
- Goldstein, Robin & Almenberg, Johan & Dreber, Anna & Emerson, John W. & Herschkowitsch, Alexis & Katz, Jacob, 2008. "Do More Expensive Wines Taste Better? Evidence From A Large Sample Of Blind Tastings," Working Papers 37328, American Association of Wine Economists.
- Goldstein, Robin & Almenberg, Johan & Dreber, Anna & Emerson, John W. & Herschkowitsch, Alexis & Katz, Jacob, 2008. "Do More Expensive Wines Taste Better? Evidence from a Large Sample of Blind Tastings," SSE/EFI Working Paper Series in Economics and Finance 700, Stockholm School of Economics, revised 24 Apr 2008.
- Jean Tirole & Roland Bénabou, 2006.
"Incentives and Prosocial Behavior,"
American Economic Review, American Economic Association, vol. 96(5), pages 1652-1678, December.
- Bénabou, Roland & Tirole, Jean, 2003. "Incentives and Prosocial Behavior," IDEI Working Papers 389, Institut d'Économie Industrielle (IDEI), Toulouse, revised Jan 2006.
- Roland Bénabou & Jean Tirole, 2005. "Incentives and Prosocial Behavior," NBER Working Papers 11535, National Bureau of Economic Research, Inc.
- Benabou, Roland & Tirole, Jean, 2005. "Incentives and Prosocial Behavior," IZA Discussion Papers 1695, Institute of Labor Economics (IZA).
- Roland Benabou & Jean Tirole, 2004. "Incentives and Prosocial Behavior," Working Papers 137, Princeton University, School of Public and International Affairs, Discussion Papers in Economics.
- Roland Bénabou & Jean Tirole, 2006. "Incentives and Prosocial Behavior," Post-Print hal-00173700, HAL.
- Tirole, Jean & Bénabou, Roland, 2004. "Incentives and Prosocial Behaviour," CEPR Discussion Papers 4633, C.E.P.R. Discussion Papers.
- Tore Ellingsen & Magnus Johannesson, 2008.
"Pride and Prejudice: The Human Side of Incentive Theory,"
American Economic Review, American Economic Association, vol. 98(3), pages 990-1008, June.
- Ellingsen, Tore & Johannesson, Magnus, 2006. "Pride and Prejudice: The Human Side of Incentive Theory," CEPR Discussion Papers 5768, C.E.P.R. Discussion Papers.
- von Essen, Emma & Ranehill, Eva, 2011.
"Dominance and Submission: Social Status Biases Economic Sanctions,"
Research Papers in Economics
2011:1, Stockholm University, Department of Economics, revised Feb 2011.
- von Essen, Emma & Ranehill, Eva, 2011. "Dominance and Submission: Social Status Biases Economic Sanctions," SSE/EFI Working Paper Series in Economics and Finance 732, Stockholm School of Economics, revised 25 Apr 2011.
- Frank, Robert H, 1985. "The Demand for Unobservable and Other Nonpositional Goods," American Economic Review, American Economic Association, vol. 75(1), pages 101-116, March.
- Lima, Tony, 2006. "Price and Quality in the California Wine Industry: An Empirical Investigation," Journal of Wine Economics, Cambridge University Press, vol. 1(2), pages 176-190, October.
- Hoch, Stephen J & Ha, Young-Won, 1986. "Consumer Learning: Advertising and the Ambiguity of Product Experience," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 13(2), pages 221-233, September.
- Hodgson, Robert T., 2008. "An Examination of Judge Reliability at a major U.S. Wine Competition," Journal of Wine Economics, Cambridge University Press, vol. 3(2), pages 105-113, January.
- Rachel Croson & Uri Gneezy, 2009. "Gender Differences in Preferences," Journal of Economic Literature, American Economic Association, vol. 47(2), pages 448-474, June.
- Gerard J. Tellis & Birger Wernerfelt, 1987. "Competitive Price and Quality Under Asymmetric Information," Marketing Science, INFORMS, vol. 6(3), pages 240-253.
- Levin, Irwin P & Gaeth, Gary J, 1988. "How Consumers Are Affected by the Framing of Attribute Information before and after Consuming the Product," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 15(3), pages 374-378, December.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Caracciolo, Francesco & D’Amico, Mario & Di Vita, Giuseppe & Pomarici, Eugenio & Dal Bianco, Andrea & Cembalo, Luigi, 2016. "Private vs. Collective Wine Reputation," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 19(3), pages 1-20, August.
- Costanigro, Marco & Scozzafava, Gabriele & Casini, Leonardo, 2019. "Vertical differentiation via multi-tier geographical indications and the consumer perception of quality: The case of Chianti wines," Food Policy, Elsevier, vol. 83(C), pages 246-259.
- Clarissa Laura Maria Spiess Bru, 2023. "Does the Tasting Note Matter? Language Categories and Their Impact on Professional Ratings and Prices," Working Papers Dissertations 105, Paderborn University, Faculty of Business Administration and Economics.
- Gustafson, Christopher R. & Lybbert, Travis J. & Sumner, Daniel A., 2016. "Consumer knowledge affects valuation of product attributes: Experimental results for wine," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 65(C), pages 85-94.
- Jan Zavodny Pospisil & Lucie Sara Zavodna & Matej Jiranek, 2020. "Does the Packaging Change the Perceived Taste of Beer? Results from a Beer Experiment," Tržište/Market, Faculty of Economics and Business, University of Zagreb, vol. 32(1), pages 65-78.
- Sanjiv Erat & Sreekumar R. Bhaskaran, 2012. "Consumer Mental Accounts and Implications to Selling Base Products and Add-ons," Marketing Science, INFORMS, vol. 31(5), pages 801-818, September.
- Zander, K. & Janssen, M., 2013. "Präferenzen deutscher Öko-Konsumenten für Wein," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 48, March.
- Liesbeth Colen & George Chryssochoidis & Pavel Ciaian & Federica Di Marcantonio, 2020. "Differences in composition of seemingly identical branded products: Impact on consumer purchase decisions and welfare," JRC Research Reports JRC118149, Joint Research Centre.
- Rössel, Jörg & Beckert, Jens, 2012. "Quality classifications in competition: Price formation in the German wine market," MPIfG Discussion Paper 12/3, Max Planck Institute for the Study of Societies.
- Ahmed H. Alsharif & Nor Zafir Md Salleh & Mazilah Abdullah & Ahmad Khraiwish & Azmirul Ashaari, 2023. "Neuromarketing Tools Used in the Marketing Mix: A Systematic Literature and Future Research Agenda," SAGE Open, , vol. 13(1), pages 21582440231, February.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Gary Charness & David Masclet & Marie Claire Villeval, 2014.
"The Dark Side of Competition for Status,"
Management Science, INFORMS, vol. 60(1), pages 38-55, January.
- Charness, Gary & Masclet, David & Villeval, Marie Claire, 2012. "The Dark Side of Competition for Status," University of California at Santa Barbara, Economics Working Paper Series qt1vr4g446, Department of Economics, UC Santa Barbara.
- Gary Charness & David Masclet & Marie Claire Villeval, 2014. "The Dark Side of Competition for Status," Post-Print halshs-00799499, HAL.
- Charness, Gary & Masclet, David & Villeval, Marie Claire, 2013. "The Dark Side of Competition for Status," University of California at Santa Barbara, Economics Working Paper Series qt3858888w, Department of Economics, UC Santa Barbara.
- Marie Claire Villeval, 2012. "The Dark Side of Competition for Status," Post-Print halshs-00756045, HAL.
- Gary Charness & David Masclet & Marie Claire Villeval, 2014. "The Dark Side of Competition for Status," Working Papers 1431, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Mitesh Kataria & Tobias Regner, 2015.
"Honestly, why are you donating money to charity? An experimental study about self-awareness in status-seeking behavior,"
Theory and Decision, Springer, vol. 79(3), pages 493-515, November.
- Mitesh Kataria & Tobias Regner, 2012. "Honestly, why are you donating money to charity? An experimental study about self-awareness in status-seeking behavior," Jena Economics Research Papers 2012-032, Friedrich-Schiller-University Jena.
- Gary Charness & David Masclet & Marie Claire Villeval, 2014. "The Dark Side of Competition for Status (preprint)," Working Papers halshs-01090241, HAL.
- Luise Goerges & Tom Lane & Daniele Nosenzo & Silvia Sonderegger, 2023.
"Equal before the (expressive power of) law?,"
Economics Working Papers
2023-12, Department of Economics and Business Economics, Aarhus University.
- Luise Goerges & Tom Lane & Daniele Nosenzo & Silvia Sonderegger, 2023. "Equal before the (expressive power of) law?," Discussion Papers 2023-12, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Luise Görges & Tom Lane & Daniele Nosenzo & Silvia Sonderegger, 2023. "Equal before the (expressive power of) law?," Working Paper Series in Economics 423, University of Lüneburg, Institute of Economics.
- Adriani, Fabrizio & Sonderegger, Silvia, 2019.
"A theory of esteem based peer pressure,"
Games and Economic Behavior, Elsevier, vol. 115(C), pages 314-335.
- Fabrizio Adriani & Silvia Sonderegger, 2018. "A theory of esteem based peer pressure," Discussion Papers 2018-12, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- repec:hal:journl:hal-04840937 is not listed on IDEAS
- Dalmia, Prateik & Filiz-Ozbay, Emel, 2021. "Your success is my motivation," Journal of Economic Behavior & Organization, Elsevier, vol. 181(C), pages 49-85.
- Masclet, David & Dickinson, David L., 2019.
"Incorporating Conditional Morality into Economic Decisions,"
IZA Discussion Papers
12782, Institute of Labor Economics (IZA).
- David MASCLET & David L. DICKINSON, 2024. "Incorporating Conditional Morality into Economic Decisions," Economics Working Paper Archive (University of Rennes & University of Caen) 2024-04, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
- David Masclet & David L. Dickinson, 2024. "Incorporating conditional morality into economic decisions," Post-Print hal-04721460, HAL.
- David Masclet & David L. Dickinson, 2019. "Incorporating Conditional Morality into Economic Decisions," Economics Working Paper Archive (University of Rennes & University of Caen) 2019-10, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
- David Masclet & David L. Dickinson, 2019. "Incorporating Conditional Morality into Economic Decisions," Working Papers 19-12, Department of Economics, Appalachian State University.
- Volker Benndorf & Holger A. Rau & Christian Sölch, 2019. "Gender Differences In Motivational Crowding Out Of Work Performance," Economic Inquiry, Western Economic Association International, vol. 57(1), pages 206-226, January.
- Alger, Ingela, 2022.
"Evolutionarily stable preferences,"
TSE Working Papers
22-1355, Toulouse School of Economics (TSE), revised Dec 2022.
- Ingela Alger, 2022. "Evolutionarily stable preferences," Working Papers hal-03770354, HAL.
- Alger, Ingela, 2022. "Evolutionarily stable preferences," IAST Working Papers 22-144, Institute for Advanced Study in Toulouse (IAST), revised Dec 2022.
- Ingela Alger, 2023. "Evolutionarily stable preferences," Working Papers hal-03929518, HAL.
- Ingela Alger, 2023. "Evolutionarily stable preferences," Post-Print hal-04042260, HAL.
- Cappellari, Lorenzo & Ghinetti, Paolo & Turati, Gilberto, 2011.
"On time and money donations,"
Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(6), pages 853-867.
- Lorenzo Cappellari & Paolo Ghinetti & Gilberto Turati, 2007. "On Time and Money Donations," DISCE - Quaderni dell'Istituto di Economia dell'Impresa e del Lavoro ieil0047, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
- Lorenzo Cappellari & Paolo Ghinetti & Gilberto Turati, 2007. "On Time and Money Donations," CESifo Working Paper Series 2140, CESifo.
- Boris van Leeuwen & Ingela Alger, 2024.
"Estimating Social Preferences and Kantian Morality in Strategic Interactions,"
Journal of Political Economy Microeconomics, University of Chicago Press, vol. 2(4), pages 665-706.
- Alger, Ingela & Van Leeuwen, Boris, 2019. "Estimating Social Preferences and Kantian Morality in Strategic Interactions," TSE Working Papers 19-1056, Toulouse School of Economics (TSE), revised Nov 2023.
- Ingela Alger & Boris van Leeuwen, 2021. "Estimating Social Preferences and Kantian Morality in Strategic Interactions," Working Papers hal-03142431, HAL.
- Alger, Ingela & Van Leeuwen, Boris, 2019. "Estimating Social Preferences and Kantian Morality in Strategic Interactions," IAST Working Papers 19-100, Institute for Advanced Study in Toulouse (IAST), revised Nov 2023.
- Andersson, Per A. & Erlandsson, Arvid & Västfjäll, Daniel & Tinghög, Gustav, 2020. "Prosocial and moral behavior under decision reveal in a public environment," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 87(C).
- Gary Bolton & Eugen Dimant & Ulrich Schmidt, 2018.
"When a Nudge Backfires. Using Observation with Social and Economic Incentives to Promote Pro-Social Behavior,"
PPE Working Papers
0017, Philosophy, Politics and Economics, University of Pennsylvania.
- Gary Bolton & Eugen Dimant & Ulrich Schmidt, 2019. "When a Nudge Backfires:Using Observation with Social and Economic Incentives to Promote Pro-Social Behavior," Discussion Papers 2019-03, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Christian Thoeni & Simon Gaechter, 2011.
"Peer Effects and Social Preferences in Voluntary Cooperation,"
Discussion Papers
2011-09, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Simon Gaechter & Christian Thoeni, 2014. "Peer effects and social preferences in voluntary cooperation," Discussion Papers 2014-03, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
- Thöni, Christian & Gächter, Simon, 2012. "Peer Effects and Social Preferences in Voluntary Cooperation," IZA Discussion Papers 6277, Institute of Labor Economics (IZA).
- Christian Thöni & Simon Gaechter, 2014. "Peer Effects and Social Preferences in Voluntary Cooperation," CESifo Working Paper Series 4741, CESifo.
- Carattini, Stefano & Gillingham, Kenneth & Meng, Xiangyu & Yoeli, Erez, 2024.
"Peer-to-peer solar and social rewards: Evidence from a field experiment,"
Journal of Economic Behavior & Organization, Elsevier, vol. 219(C), pages 340-370.
- Stefano Carattini & Kenneth Gillingham & Xiangyu Meng & Erez Yoeli, 2022. "Peer-to-Peer Solar and Social Rewards: Evidence from a Field Experiment," CESifo Working Paper Series 10173, CESifo.
- Stefano Carattini & Kenneth Gillingham & Xiangyu Meng & Erez Yoeli, 2024. "Peer-to-peer solar and social rewards: Evidence from a field experiment," Natural Field Experiments 00793, The Field Experiments Website.
- Carattini, Stefano & Gillingham, Kenneth T. & Meng, Xiangyu & Yoeli, Erez, 2022. "Peer-to-peer solar and social rewards: evidence from a field experiment," LSE Research Online Documents on Economics 117362, London School of Economics and Political Science, LSE Library.
- Stefano Carattini & Kenneth Gillingham & Xiangyu Meng & Erez Yoeli, 2022. "Peer-to-peer solar and social rewards: Evidence from a field experiment," Experimental Economics Center Working Paper Series 2022-02, Experimental Economics Center, Andrew Young School of Policy Studies, Georgia State University.
- Carattini, Stefano & Gillingham, Kenneth T. & Meng, Xiangyu & Yoeli, Erez, 2022. "Peer-to-peer solar and social rewards: evidence from a field experiment," LSE Research Online Documents on Economics 117361, London School of Economics and Political Science, LSE Library.
- Beckmann, Michael & Cornelissen, Thomas & Kräkel, Matthias, 2017.
"Self-managed working time and employee effort: Theory and evidence,"
Journal of Economic Behavior & Organization, Elsevier, vol. 133(C), pages 285-302.
- Michael Beckmann & Thomas Cornelissen & Matthias Kräkel, 2015. "Self-Managed Working Time and Employee Effort: Theory and Evidence," SOEPpapers on Multidisciplinary Panel Data Research 768, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Ivan Soraperra & Anton Suvorov & Jeroen Van de Ven & Marie Claire Villeval, 2019.
"Doing Bad to Look Good: Negative Consequences of Image Concerns on Prosocial Behavior,"
Revue économique, Presses de Sciences-Po, vol. 70(6), pages 945-966.
- Ivan Sorrapera & Anton Suvorov & Jeroen van de Ven & Marie Claire Villeval, 2019. "Doing bad to look good: Negative consequences of image concerns on pro-socal behavior," Post-Print halshs-02368407, HAL.
- Ivan Soraperra & Anton Suvorov & Jeroen van de Ven & Marie Claire Villeval, 2019. "Doing Bad to Look Good: Negative Consequences of Image Concerns on Pro-social Behavior," Working Papers 1926, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- Ivan Soraperra & Anton Suvorov & Jeroen van de Ven & Marie Claire Villeval, 2019. "Doing Bad to Look Good: Negative Consequences of Image Concerns on Pro-social Behavior," Working Papers halshs-02285897, HAL.
- Alpízar, Francisco & Martinsson, Peter, 2010.
"Don’t Tell Me What to Do, Tell Me Who to Follow! - Field Experiment Evidence on Voluntary Donations,"
Working Papers in Economics
452, University of Gothenburg, Department of Economics.
- Alpizar, Francisco & Martinsson, Peter, 2010. "Don't Tell Me What to Do, Tell Me Who to Follow! Field Experiment Evidence on Voluntary Donations," RFF Working Paper Series dp-10-16-efd, Resources for the Future.
- Linardi, Sera & McConnell, Margaret A., 2011.
"No excuses for good behavior: Volunteering and the social environment,"
Journal of Public Economics, Elsevier, vol. 95(5), pages 445-454.
- Linardi, Sera & McConnell, Margaret A., 2011. "No excuses for good behavior: Volunteering and the social environment," Journal of Public Economics, Elsevier, vol. 95(5-6), pages 445-454, June.
- Duk Gyoo Kim & Max Riegel, 2022. "Rank versus Inequality—Does Gender Composition Matter?," CESifo Working Paper Series 10109, CESifo.
More about this item
Keywords
Consumer/Household Economics; Demand and Price Analysis;JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
- M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
NEP fields
This paper has been announced in the following NEP Reports:- NEP-AGR-2009-08-08 (Agricultural Economics)
- NEP-CUL-2009-08-08 (Cultural Economics)
- NEP-EXP-2009-08-08 (Experimental Economics)
- NEP-MIC-2009-08-08 (Microeconomics)
- NEP-MKT-2009-08-08 (Marketing)
Statistics
Access and download statisticsCorrections
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:aawewp:51755. 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.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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/aaweeea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.