A substantial expansion of wine supply has induced a strong product proliferation on the market. It is not only the taste of wines that has become more diversified, but quality signals are increasingly utilized, too. Quality signals include information on the wine bottle, such as origin, grape...

A high degree of product proliferation is characteristic for many markets of processed foods, as is an increasing competition due to globalization and a further liberalization of agricultural markets. It seems increasingly important to secure market shares and sectoral income on unregulated food...

Sustainability characteristics play an increasing role in food markets. At least some consumers are willing to pay a price for organic or regional production, animal welfare or fairtrade. In order to analyse implicit prices of sustainability characteristics, it is important to go beyond consumer...

With data from the Quality Tests by Deutsche Landwirtschafts-Gesellschaft (DLG) for wine, i.e. Deutsche Bundesweinprämierung, we analyze to what extent quality awards lead to higher wine prices. The empirical analysis reveals that DLG Awards in Silver, Gold and Gold Extra are associated with...