The Italian Grappa Market: An Analysis of Consumer Preferences Through Hedonic Price Analysis

Kristian Koch and Laura Onofri

No 6654, Conference Papers from University of Minnesota, Center for International Food and Agricultural Policy

Abstract: This work carries out a hedonic price analysis in the Italian grappa market. We use a dataset composed of around 15.576 observations of retail chain prices (related to transactions taken place in Italy in the period 1997-2004) and product characteristics. We estimate the implicit price of the main product attributes. Results show that particularly bottle format, high alcohol content and brand affect the consumer’s willingness-to-pay for grappa. In particular, the Prime Uve variable presents statistically significant, positive estimated coefficients, with high magnitude, which we interpreted as a “fads and fashion effect”. In addition, we are able to capture consumer taste evolution over time and consumer taste differences in space (different consumer preferences across Italian regions).

Keywords: Consumer/Household Economics; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 17
Date: 2006-08
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/6654/files/cp06ko01.pdf (application/pdf)

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:ags:umcicp:6654

DOI: 10.22004/ag.econ.6654

Access Statistics for this paper

More papers in Conference Papers from University of Minnesota, Center for International Food and Agricultural Policy Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().