The book proposes an overview of the research conducted to date in the field of wine economics. All of these contributions have in common the use of econometric techniques and mathematical formalization to describe the new challenges of this economic sector.

For mass appraisal in real estate, the hedonic pricing method (HPM) tends to be most commonly used by academic researchers and the comparable sales approach (CSA) is mostly preferred by professionals. This paper shows how CSA is a constrained version of a spatial autoregressive (SAR) model,...