What Drives the Development of Craft Beer Production in Poland - Insights from a Hedonic Regression Analysis of the Polish Beer Market
Wieczorek Łukasz and
Czupryna Marcin
Eastern European Economics, 2021, vol. 59, issue 6, 597-610
Abstract:
The Polish beer market is characterized by a substantial increase in the number of breweries and the emergence of numerous craft breweries. These craft beers differ significantly among themselves. This provides a unique opportunity for a multidimensional analysis, particularly one employing hedonic regression. For this purpose, we use a sample data set covering Polish craft, regional and macro breweries. Our results showed that the price of a beer is not only related to its main ingredient (malt) but to the fermentation type and hedonic/quality aspects as well – beer rating, beer reviews, and quantity of beer awards.
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:mes:eaeuec:v:59:y:2021:i:6:p:597-610
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DOI: 10.1080/00128775.2021.1976062
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