Consumer ratings and the pricing of experience goods: hedonic regression analysis of beer prices

Rachel A. Smith (), C. Nicholas McKinney (), Steven B Caudill and Franklin Mixon
Additional contact information
Rachel A. Smith: University of San Francisco
C. Nicholas McKinney: Rhodes College

Agricultural and Food Economics, 2016, vol. 4, issue 1, 1-10

Abstract: Abstract This study fills a void in the literature by providing the first evaluation of the impact of consumer ratings on beer prices using hedonic methods. Our work is based on a dataset consisting of over 400 beers and includes information on calorie content, alcohol content, user rating, and style for each beer. Our results indicate that a 10-point increase in consumer rating is associated with about a $0.50 increase in the price of beer per unit.

Keywords: Experience goods; Hedonic analysis; Beer prices; Consumer ratings; Asymmetric information (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://link.springer.com/10.1186/s40100-016-0068-3 Abstract (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:agfoec:v:4:y:2016:i:1:d:10.1186_s40100-016-0068-3

Ordering information: This journal article can be ordered from
http://www.springer. ... nomics/journal/40100

DOI: 10.1186/s40100-016-0068-3

Access Statistics for this article

Agricultural and Food Economics is currently edited by Alessandro Banterle, Liesbeth Dries, Andrea Marchini and Carlo Russo

More articles in Agricultural and Food Economics from Springer, Italian Society of Agricultural Economics (SIDEA) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().