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Determinants of the Argentinean Wine Price

Graciela Andrango and Elizabeth Canales

Journal of Food Distribution Research, 2017, vol. 48, issue 1

Abstract: Argentina is among the largest players in the New World wine market. The aim of this study is to identify the determinants of Argentinean wine prices in the United States by analyzing data from Wine Spectator Magazine. A hedonic model approach was used to explain how variables such as variety, age, geographic origin, quantity supplied, and other special descriptors impact wine prices. Findings indicate that score and age have a positive effect on wine price while number of cases has a negative effect. Malbec and Malbec blends enjoy higher price premiums. Additionaly, Achával-Ferrer enjoys higher premiums compared to other wineries.

Keywords: Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Date: 2017
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