A HEDONIC PRICE FUNCTION FOR AUSTRALIAN PREMIUM TABLE WINE

Eddie Oczkowski

Australian Journal of Agricultural Economics, 1994, vol. 38, issue 01, 18

Abstract: A hedonic price function, relating the price of Australian wine to its attributes, is estimated. Six attribute groups are found to be statistically important in explaining deviations from average wine prices, i.e., quality, cellaring potential, grape variety/style, grape region, grape vintage and producer size. Various interaction terms between these variables and the impact of the year of marketing are also modelled. The consequent marketing implications for producers and consumers are discussed.

Keywords: Marketing; Research Methods/Statistical Methods (search for similar items in EconPapers)
Date: 1994
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Citations: View citations in EconPapers (80)

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Journal Article: A HEDONIC PRICE FUNCTION FOR AUSTRALIAN PREMIUM TABLE WINE (1994)
Working Paper: A Hedonic Price Function for Australian Premium Table Wine (1993)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22421

DOI: 10.22004/ag.econ.22421

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