An Investigation into the Quality of Wines: Evidence from Piedmont
ISRIL Working Paper No. 01-2005
22 Pages Posted: 17 Feb 2005
Date Written: January 2005
Abstract
In this paper we study a combination of four quality ratings as dependent variables, regressing them on a large number of explanatory variables. In particular, we focus on Piedmont which is the largest and most important Italian wine region; it produces prestigious wines such as great Barolo and Barbaresco as well as lower quality products. Collected data allow us to test the effect on different measures of quality of a series of wine- and winery-dependent factors. In particular, we test a wide range of factors that comprehend classification, appellation, individual reputation, ownership structure and owner preferences.
Keywords: Wine, reputation, quality, differentiation
JEL Classification: L15, L21, L66
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