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Do expert ratings or economic models explain champagne prices?

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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.
Original languageEnglish
JournalInternational Journal of Wine Business Research
Volume20
Issue3
Pages (from-to)230-243
ISSN1751-1062
DOIs
Publication statusPublished - 2008

    Research areas

  • Prices, Scandinavia, Wines

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