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Explanatory factors of French retail wine prices

Author

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  • Hafner, Christian M.

    (Université catholique de Louvain, LIDAM/ISBA, Belgium)

Abstract

This paper contributes to the increasing literature of explaining wine prices by objective and sensorial factors, focusing on the retail sector of French wines sold in Belgian supermarkets. Our main findings are: (1) higher price are associated with higher quality wines, measured via ratings obtained from blind tastings, (2) organic wines attain higher prices than comparable non-organic wines, and (3), the alcohol volume is among the most important factors for explaining prices.

Suggested Citation

  • Hafner, Christian M., 2023. "Explanatory factors of French retail wine prices," LIDAM Reprints ISBA 2023028, Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA).
    • Handle: RePEc:aiz:louvar:2023028
    DOI: https://doi.org/10.1080/13504851.2023.2266565
    Note: In: Applied Economics Letters, 2023
    as

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    More about this item

    Keywords

    Wine pricing ; hedonic regression ; organic wines ; chemical analysis;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • D49 - Microeconomics - - Market Structure, Pricing, and Design - - - Other
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets

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