Foncier viticole, patrimoines et œnotourisme: un modèle des prix hédoniques appliqué au vignoble bordelais
Revue d'économie régionale et urbaine, 2016, vol. Octobre, issue 4, 877-918
Wine tourism has been developed in the Bordeaux region since the early 2000s. Promotion of Bordeaux wine tourism is notably based on landscapes and the cultural environment of the vineyard. This paper aims to determine how wine tourism contributes to a differentiation of vineyards depending on local historical and natural heritage. We have analyzed vineyard prices recorded between 2002 and 2010 in the Bordeaux wine region. New attributes are introduced in a hedonic pricing model in order to test additional determinants of vineyard prices, which are so far mainly explained by the reputation of ?Ch?teaux? and the designations of origin. We show for example that proximity to a wine route or to cultural and natural sites with tourism potential could increase the market value of the vineyard. The development of wine tourism would therefore be likely to restructure the Bordeaux vineyard around specific local resources.
Keywords: hedonic pricing; heritage; land; viticulture; wine tourism (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:cai:rerarc:reru_164_0877
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