Explanatory factors of French retail wine prices

Christian M. Hafner ()
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Christian M. Hafner: Université catholique de Louvain, LIDAM/ISBA, Belgium

No 2023028, LIDAM Reprints ISBA from Université catholique de Louvain, Institute of Statistics, Biostatistics and Actuarial Sciences (ISBA)

Abstract: This paper contributes to the increasing literature of explaining wine prices by objective and sensorial factors, focusing on the retail sector of French wines sold in Belgian supermarkets. Our main findings are: (1) higher price are associated with higher quality wines, measured via ratings obtained from blind tastings, (2) organic wines attain higher prices than comparable non-organic wines, and (3), the alcohol volume is among the most important factors for explaining prices.

Keywords: Wine pricing; hedonic regression; organic wines; chemical analysis (search for similar items in EconPapers)
JEL-codes: C21 D49 L11 Q12 (search for similar items in EconPapers)
Pages: 11
Date: 2023-11-30
Note: In: Applied Economics Letters, 2023
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Persistent link: https://EconPapers.repec.org/RePEc:aiz:louvar:2023028

DOI: 10.1080/13504851.2023.2266565

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