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Determinants of Argentinean Wine Prices in the U.S.

Published online by Cambridge University Press:  08 June 2012

Guillermo J. San Martín ,
Javier L. Troncoso  and
Bernhard Brümmer
Guillermo J. San Martín
Affiliation:
Research Associate, Department of Agricultural Economics and Rural Development, Georg-August-Universität, Göttingen (Germany) and Departamento de Economía Agraria, Universidad de Talca, (Chile). E-mail:guillermojsanmartin@gmail.com (corresponding author)
Javier L. Troncoso
Affiliation:
Departamento de Economía Agraria, Universidad de Talca, Chile. E-mail:jtronc@utalca.cl
Bernhard Brümmer
Affiliation:
Department of Agricultural Economics and Rural Development, Georg-August-Universitàt, Göttingen, Germany. E-mail: bbruemm@gwdg.de
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Abstract

A hedonic price function for Argentinean wines in the U.S market is estimated in order to evaluate the effect of the most important attributes of wine on price. Results show that labeling practices and the choice of the right wine quality attributes are far more influential on price than expert panel opinions or oenological wine improvements such as age. (JEL Classification: Q11, C21, D12)

Type
Articles
Information
Journal of Wine Economics , Volume 3 , Issue 1 , Spring 2008 , pp. 72 - 84
Copyright
Copyright © American Association of Wine Economists 2008

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