@article{Schamel:125877,
      recid = {125877},
      author = {Schamel, Guenter and Anderson, Kym},
      title = {Wine Quality and Regional Reputation: Hedonic Prices for  Australia and New Zealand},
      address = {2001-01},
      number = {412-2016-25780},
      pages = {18},
      year = {2001},
      abstract = {We estimate hedonic price functions for premium wine from  Australia and New Zealand,
differentiating implicit prices  for sensory quality ratings, wine varieties, and regional  as well as
brand reputations over the vintages 1992 to  1998. For Australia, the results suggest  regional
reputations in general are becoming increasingly  significant through time, indicating an
intensifying  regional quality differentiation. As well, some specific  cool-climate regions (e.g.
Adelaide Hills, Tasmania) are  becoming increasingly preferred over other regions.  Price
premiums based on brand reputation also are shown to  be significant. For New Zealand,
regional quality  differentiation is considerably less significant than is  the case in Australia,
which raises the question as to why.  (Is there scope for more regional promotion there?) In
both  countries, price premiums for James Halliday’s sensory  quality ratings are highly
significant and have remained so  over time.},
      url = {http://ageconsearch.umn.edu/record/125877},
      doi = {https://doi.org/10.22004/ag.econ.125877},
}