Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284516 
Authors: 
Year of Publication: 
2021
Citation: 
[Journal:] Wine Economics and Policy [ISSN:] 2212-9774 [Volume:] 10 [Issue:] 2 [Year:] 2021 [Pages:] 41-44
Publisher: 
Firenze University Press, Florence
Abstract: 
Assuming that wine markets are efficient, ultimately a bottle of wine's cost and therefore its price should reflect its vintage, grape variety as well as how it is vinified. Yet, being an experiential good, a wine's price is also closely related to its place of origin. If the designated viticultural area of wine is coming from is not considered, even in a relatively new wine country, wine makers may end up over-estimating the premium attached to vintage, variety as well as how it is vinified. Regression results indicate that, for Ontario wines, the over-estimations vary between 1% points and 18% points.
Subjects: 
appellation
AVA
price
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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