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A Hedonic Pricing Model for German Wine
Published: 24.10.2003 Authors: Günter Schamel
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…
Market power of selected German food and beverage exporters on international markets
Published: 01.03.2001 Authors: THOMAS GLAUBEN, JENS-PETER LOY
In this paper we applied two well known empirical models, the ‘pricing-to-market’ and the ‘residual demand elasticity’ approach, to test for market power of German food and beverage exporters on the main international markets (beer, cocoa powder, chocolate, and sugar confectionary). We compared the estimation results and considered the time series properties of the model…