Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/163251
Authors: 
Amaro, Ignacio Benito
Ferro, Gustavo
Year of Publication: 
2016
Series/Report no.: 
Serie Documentos de Trabajo, Universidad del CEMA 593
Abstract (Translated): 
We determine a relationship between high quality wines and its drivers. We answer the questions: What variables explain high-quality wine prices? How do certain factors (highly, slightly or scarcely) under control of the suppliers, influence prices? To respond, we build a database with thirteen years of the best 100 wines annually ranked in Wine Spectator magazine. With the database we estimate a hedonic price regression. We also identify wineries, origins and a country whose wines are "overvalued" or "undervalued" with respect to model's predictions.
Subjects: 
wine
hedonic prices
JEL: 
D12
C20
L66
Document Type: 
Working Paper

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