Do expert ratings or economic models explain champagne prices?

TY - JOUR

T1 - Do expert ratings or economic models explain champagne prices?

AU - Bentzen, Jan Børsen

AU - Smith, Valdemar

PY - 2008

Y1 - 2008

N2 - Champagne is bought with low frequency and many consumers most likely do not have or seek full information on the quality of champagne. Some consumers may rely on the reputation of particular brands, e.g. "Les Grandes Marques", some consumers choose to gain information from sensory ratings of champagne. The aim of this paper is to analyse the champagne prices on the Scandinavian markets by applying a hedonic price function in a comparative framework with minimal models using sensory ratings.

AB - Champagne is bought with low frequency and many consumers most likely do not have or seek full information on the quality of champagne. Some consumers may rely on the reputation of particular brands, e.g. "Les Grandes Marques", some consumers choose to gain information from sensory ratings of champagne. The aim of this paper is to analyse the champagne prices on the Scandinavian markets by applying a hedonic price function in a comparative framework with minimal models using sensory ratings.

KW - Prices

KW - Scandinavia

KW - Wines

U2 - 10.1108/17511060810901046

DO - 10.1108/17511060810901046

M3 - Journal article

SN - 1751-1062

VL - 20

SP - 230

EP - 243

JO - International Journal of Wine Business Research

JF - International Journal of Wine Business Research

IS - 3

ER -