TY - JOUR
T1 - A HEDONIC PRICE FUNCTION FOR AUSTRALIAN PREMIUM TABLE WINE
AU - Oczkowski, Edward
PY - 1994/4
Y1 - 1994/4
N2 - A hedonic price function, relating the price of Australian wine to its attributes, is estimated. Six attribute groups are found to be statistically important in explaining deviations from average wine prices, i.e., quality, cellaring potential, grape variety/style, grape region, grape vintage and producer size. Various interaction terms between these variables and the impact of the year of marketing are also modelled. The consequent marketing implications for producers and consumers are discussed. 1994 The Australian Agricultural Economics Society
AB - A hedonic price function, relating the price of Australian wine to its attributes, is estimated. Six attribute groups are found to be statistically important in explaining deviations from average wine prices, i.e., quality, cellaring potential, grape variety/style, grape region, grape vintage and producer size. Various interaction terms between these variables and the impact of the year of marketing are also modelled. The consequent marketing implications for producers and consumers are discussed. 1994 The Australian Agricultural Economics Society
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U2 - 10.1111/j.1467-8489.1994.tb00721.x
DO - 10.1111/j.1467-8489.1994.tb00721.x
M3 - Article
AN - SCOPUS:84990161267
SN - 0004-9395
VL - 38
SP - 93
EP - 110
JO - Australian Journal of Agricultural Economics
JF - Australian Journal of Agricultural Economics
IS - 1
ER -