Uso de modelos hedónicos y de búsqueda para el análisis de precios de vinos en supermercados
No hay miniatura disponible
Fecha
Autores
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
Hedonic price models have been widely used to understand the effect of wine attributes. But these have not
properly estimated the effect of quality in the Chilean market. Moreover, we found no study in the literature
that has included bottle weight in the hedonic equation. We also try to explain the differences in prices
observed for identical product within and between different comunas in Santiago. We explore the role of
average income, number of supermarkets, and price variation in explaining these price differences. Results
show that quality, measured by scores given by a panel of experts, does have a positive impact on price, and
bottle weight has a positive but decreasing impact on price. We also find that average income does not have a
significant effect on price differences but supermarket density and price variability does.