What Drives the Development of Craft Beer Production in Poland - Insights from a Hedonic Regression Analysis of the Polish Beer Market
Wieczorek Łukasz and
Eastern European Economics, 2021, vol. 59, issue 6, 597-610
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.
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