A hedonic price analysis for the New Zealand wine industry: preliminary results
Citations
Altmetric:
Date
2005-08
Type
Conference Contribution - published
Collections
Keywords
Fields of Research
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.
Permalink
Source DOI
Rights
Copyright by author(s). Readers may make copies of this document for non-commercial purposes only, provided that this copyright notice appears on all such copies.