A Hedonic Pricing Model for German Wine

Günter Schamel

Published: 24.10.2003  〉 Jahrgang 52 (2003), Heft 5 (von 8)  〉 Resort: Articles 
Submitted: N. A.   〉 Feedback to authors after first review: N. A.   〉 Accepted: N. A.

ABSTRACT

We develop a hedonic pricing model for German quality wine. Quality indicators for 4,141 wines are sensory awards received at the annual German wine competition and the legally required quality category as well as a set of control variables including regional origin, color, style, and their age at the time of judging. The data confirms that sensory quality awards have a significant and positive price impact. Moreover, we estimate significant relative differences between quality categories, growing regions and most of the control variables.
CONTACT AUTHOR
Dr. GÜNTER SCHAMEL
Humboldt Universität zu Berlin, Landwirtschaftlich-Gärtnerische Fakultät,
Institut für Wirtschafts- und Sozialwissenschaften des Landbaus,
Luisenstraße 56, 10099 Berlin
Tel.: 030-20 93 60 47, Fax: 030-20 93 63 01
e-mail: g.schamel@agrar.hu-berlin.de
Download Cover
SUBSCRIBER CONTENT

This is a free article. You can open it here.

RELATED ARTICLES

SHARE THIS ARTICLE

Menu