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2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/10390
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| Title: | Demand Under Product Differentiation: An Empirical Analysis of the US Wine Market |
| Authors: | Davis, Tim
Ahmadi-Esfahani, Fredoun Z.
Iranzo, Susana |
| Keywords: | oversupply
demand for wine
product differentiation
nested logit |
| Issue Date: | 2007 |
| Series/Report no.: | Conference Paper |
| Abstract: | Oversupply has posed a number of problems for the Australian wine industry in recent times.
When disaggregated from the industry level, however, the problem can be better described as
a range of attribute-specific disequilibria. To date, solutions to this problem have
predominantly revolved around reducing output through crop thinning or vine pulling. This
paper proposes a different approach by suggesting that disequilibria may be reduced by
gaining a better understanding of the demand for Australian wine. A discrete choice model of
product differentiation is used to estimate the demand for wine in the United States,
Australia's second largest export market. Implications of the analysis are explored. |
| URI: | http://purl.umn.edu/10390 |
| Institution/Association: | Australian Agricultural and Resource Economics Society - 2007>2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand |
| Total Pages: | 23 |
| Language: | English |
| Collections: | 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand
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| cp07da01.pdf | 146Kb | PDF | View/Open |
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