Hedonic Price of Wine at Retail Market in Costa Rica

Johanna Solórzano Thompson, Javier Paniagua Molina, Rebeca Castro Brenes, Wilson Muñoz Valerio, Sebastián Núñez Jiménez, Carlos Sequeira Ramírez, Luana Vindas Murillo and David Barboza Navarro

International Journal of Food and Agricultural Economics (IJFAEC), 2022, vol. 06, issue 01

Abstract: In Costa Rica, the consumption of wine has increased as an increasingly frequent beverage option during meals and celebrations, it has also been consolidated as part of a gastronomic culture that, in addition to enjoyment, is considered to have high properties for the health when consumed in moderate amounts. Due to the growth of the local wine market and changes in preferences, as well as the need to generate information in this field, this research aims to determine the attributes that influence the retail price of wine in Costa Rica. An econometric approach was used to model hedonic price behavior. The results showed that the price of wine is significantly affected by attributes such as origin, packaging characteristics, type of grape, market segment and type of supermarket where it is purchased

Keywords: Agribusiness; Crop Production/Industries; Financial Economics; Food Security and Poverty; Marketing (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ijfaec:321780

DOI: 10.22004/ag.econ.321780

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