Add to ORKGThe objective of this paper is to assess the precise impact of status on prices of Bordeaux fine wines. We identify several variables that can be used to model a wine’s status and make use of the coexistence of the longstanding 1855 classification in Pauillac and the very short-lived 1943 classification in Pomerol to examine the effect of status on the wine market. Overall, we show that quality, reputation and status jointly contribute at explaining wine prices. Status-related variables have a highly significant impact on Pomerol wines for which a current classification system is inexistent, while in Pauillac status is subsumed by the 1855 classification
This paper provides empirical evidence on the welfare losses associated with asymmetric information ...
The choice of a bottle of wine is affected by the presence of attributes that are searched by consum...
The aim of this paper is to provide new evidence on the factors affecting wine prices on both method...
This paper argues that imperfectly informed consumers use simple signals to identify the characteris...
The market for “primeur ” wine in the Bordeaux region allows producers to sell wine that is still in...
The market for “primeur ” wine in the Bordeaux region allows producers to sell wine that is still in...
This dissertation seeks to understand how and when firms actively build reputation, how firms adjust...
Purpose – This study aims to identify the price determinants of fine wines in a small and competitiv...
This paper argues that imperfectly informed consumers use simple signals to identify characteristics...
Abstract: Bordeaux wines have been made in much the same way for centuries. This paper shows that t...
The French châteaux producing Bordeaux wines were classified in 1855, creating a taxonomy that conti...
How do judgment devices influence price formation? The authors’ study of the German wine market shed...
We propose a structural empirical approach à la Levinsohn and Petrin (2003) to disentangle the effec...
This paper models optimal release prices of an experience good recurrently issued on markets. Using ...
The concept of geographical indications or terroir refers to the special characteristics of a plac...
This paper provides empirical evidence on the welfare losses associated with asymmetric information ...
The choice of a bottle of wine is affected by the presence of attributes that are searched by consum...
The aim of this paper is to provide new evidence on the factors affecting wine prices on both method...
This paper argues that imperfectly informed consumers use simple signals to identify the characteris...
The market for “primeur ” wine in the Bordeaux region allows producers to sell wine that is still in...
The market for “primeur ” wine in the Bordeaux region allows producers to sell wine that is still in...
This dissertation seeks to understand how and when firms actively build reputation, how firms adjust...
Purpose – This study aims to identify the price determinants of fine wines in a small and competitiv...
This paper argues that imperfectly informed consumers use simple signals to identify characteristics...
Abstract: Bordeaux wines have been made in much the same way for centuries. This paper shows that t...
The French châteaux producing Bordeaux wines were classified in 1855, creating a taxonomy that conti...
How do judgment devices influence price formation? The authors’ study of the German wine market shed...
We propose a structural empirical approach à la Levinsohn and Petrin (2003) to disentangle the effec...
This paper models optimal release prices of an experience good recurrently issued on markets. Using ...
The concept of geographical indications or terroir refers to the special characteristics of a plac...
This paper provides empirical evidence on the welfare losses associated with asymmetric information ...
The choice of a bottle of wine is affected by the presence of attributes that are searched by consum...
The aim of this paper is to provide new evidence on the factors affecting wine prices on both method...