Hedonic Price Functions and Wine Price Determinants: A Review of Empirical Research

Q3 Business, Management and Accounting Journal of Agricultural and Food Industrial Organization Pub Date : 2020-01-11 DOI:10.1515/jafio-2019-0028

J. Outreville, É. Le Fur

引用次数: 37

Abstract

Abstract The objective of this paper is to present a descriptive review of all the studies published on wine price determinants. The selection process has been carefully designed to assure that we cover the complete literature of hedonic price functions and wine price determinants. Because of the heterogeneity among these studies, the objective was to classify all the determinants in clusters related to geographical and agricultural factors, time horizon, public information and, supply factors (production costs and volume of production). For this review, we have identified a list of 117 papers published on price determinants over the period 1993 to 2018.

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享乐价格函数与葡萄酒价格决定因素:实证研究述评

摘要本文的目的是对所有发表的关于葡萄酒价格决定因素的研究进行描述性综述。选择过程经过精心设计，以确保我们涵盖了享乐价格函数和葡萄酒价格决定因素的完整文献。由于这些研究之间的异质性，目的是将所有决定因素分类在与地理和农业因素、时间范围、公共信息和供应因素（生产成本和产量）相关的集群中。在这篇综述中，我们列出了1993年至2018年期间发表的117篇关于价格决定因素的论文。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Agricultural and Food Industrial Organization Business, Management and Accounting-Business, Management and Accounting (all)

CiteScore

3.10

自引率

0.00%

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期刊介绍： The Journal of Agricultural & Food Industrial Organization (JAFIO) is a unique forum for empirical and theoretical research in industrial organization with a special focus on agricultural and food industries worldwide. As concentration, industrialization, and globalization continue to reshape horizontal and vertical relationships within the food supply chain, agricultural economists are revising both their views of traditional markets as well as their tools of analysis. At the core of this revision are strategic interactions between principals and agents, strategic interdependence between rival firms, and strategic trade policy between competing nations, all in a setting plagued by incomplete and/or imperfect information structures. Add to that biotechnology, electronic commerce, as well as the shift in focus from raw agricultural commodities to branded products, and the conclusion is that a "new" agricultural economics is needed for an increasingly complex "new" agriculture.

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