EconPapers    
Economics at your fingertips  
 

Determinantes del Precio del Vino en el Mercado Chileno: Un Estudio de Precios Hedónicos

Oscar Melo (), J.E. Buzeta and M.B. Marshall

Economi­a Agraria (Revista Economia Agraria), 2005, vol. 09, 23

Abstract: Hedonic prices have been widely used in wine research allowing price decomposition by attributes. In this market where products are highly differentiated the contribution of each attribute to price provides valuable information to make productive and marketing decisions to wineries. Using a significant sample of the Chilean wine market we estimated semi-logarithmic price-attribute models. Results found for alcoholic content, volume and age are in accordance to studies in other countries, albeit age presents a maximum contribution in less time. When make effects are included the impact of grapevine is less important. We also found that the more specific the labelling of the place of origin, the higher the price. We analyzed the strategies used by the wineries to differentiate quality and found that the ones shared by several companies tend to perform better than the ones used only by one brand.

Keywords: Consumer/Household Economics; Production Economics (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://ageconsearch.umn.edu/record/97349/files/Melo%20et%20al.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:eaaeac:97349

DOI: 10.22004/ag.econ.97349

Access Statistics for this article

More articles in Economi­a Agraria (Revista Economia Agraria) from Agrarian Economist Association (AEA), Chile Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2020-07-09
Handle: RePEc:ags:eaaeac:97349