Determinants of Wine Prices: A Systematic Literature Review

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dc.contributor.authorGál, Péter
dc.date.accessioned2021-07-01T09:45:21Z
dc.date.available2021-07-01T09:45:21Z
dc.date.issued2020-12-14
dc.description.abstractWine is a highly differentiated product sold at a wide range of different prices. This article aims to provide a systematic review of the literature written on the determinants of wine prices globally. The article runs a search on the combination of keywords “wine”, “price”, “determinant” in the Web of Science, Scopus, JSTOR, ProQuest, and Science Direct databases. Based on a final set of 46 articles written between 1998 and 2018, results suggest that terroir and quality ratings are the most significant determinants of wine prices, while objective quality and label data also determines wine prices, though to a different extent and with a different sign in some cases. The hedonic pricing method was the most common way of analyzing the relationship between wines prices and their determinants, and results are similar for most regions and varieties. We believe that our results can be useful for researchers, stakeholders, and even for decision-makers in better understanding the factors lying behind wine prices. Journal of Economic Literature (JEL) codes: D12, D40 Q11hu
dc.formatapplication/pdf
dc.identifier.citationCompetitio, Évf. 19 szám 1-2 (2020) , 84-101
dc.identifier.doihttps://doi.org/10.21845/comp/2020/1-2/1
dc.identifier.eissn2939-7324
dc.identifier.issn1588-9645
dc.identifier.issue1-2
dc.identifier.jatitleCom
dc.identifier.jtitleCompetitio
dc.identifier.urihttps://hdl.handle.net/2437/320142en
dc.identifier.volume19
dc.languagehu
dc.relationhttps://ojs.lib.unideb.hu/competitio/article/view/5965
dc.rights.accessOpen Access
dc.rights.ownerPéter Gál
dc.subjectdeterminantshu
dc.subjectwinehu
dc.subjectpricehu
dc.subjectreviewhu
dc.titleDeterminants of Wine Prices: A Systematic Literature Reviewhu
dc.typefolyóiratcikkhu
dc.typearticleen
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