A Hedonic Price Analysis for the New Zealand Wine Industry: Preliminary Results

Kathryn Bicknell, Lana Friesen and Ian MacDonald

No 98502, 2005 Conference, August 26-27, 2005, Nelson, New Zealand from New Zealand Agricultural and Resource Economics Society

Abstract: This paper presents preliminary results from a hedonic price analysis of premium wines in New Zealand over the vintages 1994 – 2003. Implicit prices are presented for a sensory quality rating, as well as wine variety and regional reputation. Results show that the price premium associated with Michael Cooper's five-star quality rating is highly significant and increasing in magnitude over the study period. Trends in regional and varietal preferences are also explored.

Keywords: Agribusiness; Agricultural and Food Policy; Environmental Economics and Policy; Food Consumption/Nutrition/Food Safety; Research Methods/ Statistical Methods; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 10
Date: 2005-08
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:nzar05:98502

DOI: 10.22004/ag.econ.98502

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