Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/90713
Authors: 
Corsi, Alessandro
Strøm, Steinar
Year of Publication: 
2013
Series/Report no.: 
Memorandum, Department of Economics, University of Oslo 07/2013
Abstract: 
Organic wines are increasingly produced and appreciated. Since organic production is more costly, a crucial question is whether they benefit from a price premium. We estimate hedonic price functions for Piedmont organic and conventional wines. We use data on the production side in addition to variables of interest for consumers. Our results show that, along with characteristics of interest to consumers, some farm and producer characteristics not directly relevant for consumers do significantly affect wine prices. We find that organic wine tends to obtain higher prices than conventional wine. The price premium is not simply an addition to other price components, but organic quality modifies the impact of the other variables on price.
JEL: 
C21
D49
L11
Q12
Document Type: 
Working Paper

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