Valuation of wine attributes : a hedonic price model on wine sales in Sweden
The demand for wine in Sweden is increasing. With this increase in demand for wine it is important to establish what the characteristics the consumers are willing to pay extra for. Using this, an equilibrium for demand and supply at a suitable price can be found. This study investigates the consumer...
| Autor principal: | |
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| Formato: | H3 |
| Lenguaje: | Inglés sueco |
| Publicado: |
SLU/Dept. of Economics
2019
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| Materias: |
| _version_ | 1855572501955870720 |
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| author | Dahl, Alma |
| author_browse | Dahl, Alma |
| author_facet | Dahl, Alma |
| author_sort | Dahl, Alma |
| collection | Epsilon Archive for Student Projects |
| description | The demand for wine in Sweden is increasing. With this increase in demand for wine it is important to establish what the characteristics the consumers are willing to pay extra for. Using this, an equilibrium for demand and supply at a suitable price can be found. This study investigates the consumers’ willingness to pay for certain wine attributes through two approaches of a hedonic price model. The results show that the price of wine is affected by a great number of attributes in various ways. It is clear that the origin, taste segment and colour segment have the most impact on the price of wine. |
| format | H3 |
| id | RepoSLU14981 |
| institution | Swedish University of Agricultural Sciences |
| language | Inglés swe |
| publishDate | 2019 |
| publishDateSort | 2019 |
| publisher | SLU/Dept. of Economics |
| publisherStr | SLU/Dept. of Economics |
| record_format | eprints |
| spelling | RepoSLU149812020-06-04T12:17:37Z Valuation of wine attributes : a hedonic price model on wine sales in Sweden Dahl, Alma hedonic price wine characteristics Sweden wine attributes The demand for wine in Sweden is increasing. With this increase in demand for wine it is important to establish what the characteristics the consumers are willing to pay extra for. Using this, an equilibrium for demand and supply at a suitable price can be found. This study investigates the consumers’ willingness to pay for certain wine attributes through two approaches of a hedonic price model. The results show that the price of wine is affected by a great number of attributes in various ways. It is clear that the origin, taste segment and colour segment have the most impact on the price of wine. Efterfrågan på vin I Sverige ökar. Med denna ökning I efterfrågan är det viktigt att klarlägga vilka attribut på vin som konsumenterna är villiga att betala extra för. Med hjälp av detta kan ett jämviktsläge för efterfrågan och utbudet, med ett rimligt pris, etableras på marknaden. Den här studien undersöker konsumenternas vilja att betala för specifika attribut genom två tolkningar av hedonic price modellen. Resultaten visar att priset på vin påverkas av en mängd karaktärsdrag på olika sätt. Det är tydligt att ursprung, smak och färg har den största påverkan på priset på vin. SLU/Dept. of Economics 2019 H3 eng swe https://stud.epsilon.slu.se/14981/ |
| spellingShingle | hedonic price wine characteristics Sweden wine attributes Dahl, Alma Valuation of wine attributes : a hedonic price model on wine sales in Sweden |
| title | Valuation of wine attributes : a hedonic price model on wine sales in Sweden |
| title_full | Valuation of wine attributes : a hedonic price model on wine sales in Sweden |
| title_fullStr | Valuation of wine attributes : a hedonic price model on wine sales in Sweden |
| title_full_unstemmed | Valuation of wine attributes : a hedonic price model on wine sales in Sweden |
| title_short | Valuation of wine attributes : a hedonic price model on wine sales in Sweden |
| title_sort | valuation of wine attributes : a hedonic price model on wine sales in sweden |
| topic | hedonic price wine characteristics Sweden wine attributes |