Expensive and Cheap Wine Words Revisited

Kevin Capehart

Journal of Wine Economics, 2021, vol. 16, issue 4, 411-418

Abstract: Previous work has quantitatively analyzed expert wine descriptions to identify some so-called “expensive” and “cheap” words that are indicative of a wine's price. This paper revisits that work. In particular, I examine whether words previously identified as expensive and cheap ones are still indicative of a wine's price when using the same methods and a different, larger dataset. My findings mostly confirm previous conclusions, although many directions for further research into expensive and cheap wine words remain open. (JEL Classifications: D83, L66)

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jwecon:v:16:y:2021:i:4:p:411-418_3

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