Estimation of a hedonic price equation for Alsace, Beaujolais and Provence wines
The aim of this article is to explain Alsace, Beaujolais and Provence wine prices. The hedonic price method is applied to determine the main explanatory variables factors of price differences. This method indicates that the relationship between quality and price of the Alsace, Beaujolais and Provence wine areas is poor. This result explains, at least partially, the fall from favour of French wines in the eyes of foreign consumers and the resulting crisis in the French wine industry.
Year of publication: |
2009
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Authors: | Cardebat, Jean-Marie ; Figuet, Jean-Marc |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 16.2009, 9, p. 921-927
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Publisher: |
Taylor & Francis Journals |
Saved in:
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