
handle: 11588/660063 , 20.500.11769/47157 , 2318/1691584
Using a hedonic pricing model, this paper investigates the pricing implications of two broadly defined wine reputation strategies: private and collective. While the former consists of an individual quality differentiation strategy relying on an individual wine producer's own reputation, the latter mainly relies on the reputation of a group of wineries belonging to a particular geographic denomination. To this aim, wine purchases made by a nationally representative panel of Italian households were analyzed. Estimates based on quantile regression reveal that the effects of the two reputation strategies (private and collective) have a different weight according to the price segment of the wines in question. While private reputation plays a major role in both low and high priced wines, collective reputation in terms of geographical designations seems especially important for high priced wines.
Hedonic price function, Hedonic price; Wine; Quantile regression, Italian wine sector, Quantile regression, Geographical indication, Geographical indication; Hedonic price function; Italian wine sector; Quantile regression;
Hedonic price function, Hedonic price; Wine; Quantile regression, Italian wine sector, Quantile regression, Geographical indication, Geographical indication; Hedonic price function; Italian wine sector; Quantile regression;
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