RT Journal Article
T1 The hedonic price model for the wine market: a systematicand comparative review of the literature
A1 Núñez, Jacobo
A1 Martín Barroso, David
A1 Velázquez Angona, Francisco Javier
AB This paper carries out a thorough review of the literature on the estimation of hedonic price functions in the wine market, compiling and carefully documenting all research work on the subject. The review analyses the main methodological decisions taken by the different authors, as well as the typology of the available databases: identification of the relevant market, specification of the price function, sources and types of prices, econometric methodology, and type of publication. The variance decomposition analysis of the Adjusted-R-squared values from the estimated hedonic price functions suggests that attribute selection, the definition of the product market, the characteristics of information sources, and the implemented econometric procedures are the most relevant factors in explaining the models’ explanatory power.
PB John Wiley & Sons Ltd.
SN 0169-5150
YR 2024
FD 2024-02-08
LK https://hdl.handle.net/20.500.14352/113444
UL https://hdl.handle.net/20.500.14352/113444
LA eng
NO Núñez, J., Martín-Barroso, D., & Velázquez, F. J. (2024). The hedonic price model for the wine market: A systematic and comparative review of the literature. Agricultural Economics, 55, 247–264. https://doi.org/10.1111/agec.12818
NO Ministerio de Ciencia e Innovación (España)
DS Docta Complutense
RD 18 abr 2025