@article{Asgari:243123,
      recid = {243123},
      author = {Asgari, Ali and Reed, Michael R.},
      title = {Price Determinants of California Wine in the U.S. Market:  Does the Type Matter?},
      address = {2016-07},
      number = {333-2016-14377},
      pages = {21},
      year = {2016},
      abstract = {The price of wine reflects the various features that  differentiate each bottle. This study is aimed at analyzing  the determinants of California wine prices. A hedonic price  model is estimated using data collected between 2004 and  2015 from the Wine Spectator, with a total of 4,693  individual wines, focusing on type, age, critical points,  and variables related to the origin. The impact of  geographic production of origin from Bay Area/Central  Coast, Carneros, Napa, Mendocino/Lake, and South Coast is  analyzed. An important aspect of this analysis is to  investigate whether the type of wine is important, and if  any price premium regarding to the type (still and  sparkling) is changing, holding quality and quantity  constant. The main findings suggest California wine prices  are determined by time related variables such as age. The  expert points given by the Wine Spectator also have a  significant impact on prices.},
      url = {http://ageconsearch.umn.edu/record/243123},
      doi = {https://doi.org/10.22004/ag.econ.243123},
}