Consumer ratings and the pricing of experience goods: hedonic regression analysis of beer prices

This study fills a void in the literature by providing the first evaluation of the impact of consumer ratings on beer prices using hedonic methods. Our work is based on a dataset consisting of over 400 beers and includes information on calorie content, alcohol content, user rating, and style for each beer. Our results indicate that a 10-point increase in consumer rating is associated with about a $0.50 increase in the price of beer per unit.

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Year of publication:	2016
Authors:	Smith, Rachel A. ; McKinney, C. Nicholas ; Caudill, Steven B. ; Mixon, Franklin G.
Published in:	Agricultural and Food Economics. - Heidelberg : Springer, ISSN 2193-7532. - Vol. 4.2016, 24, p. 1-10
Publisher:	Heidelberg : Springer
Subject:	Experience goods \| Hedonic analysis \| Beer prices \| Consumer ratings \| Asymmetric information

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.1186/s40100-016-0068-3 [DOI] 884347494 [GVK] hdl:10419/179085 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10011850178