The return to Australian fine wine

European Review of Agricultural Economics

Volumn 33, Issue 4, 2006, Pages 542-561

  Fogarty, James Joseph ^a  

^a UNIVERSITY OF WESTERN AUSTRALIA   (Australia)

Author keywords

Alternative assets; Hedonic pricing; Wine

Indexed keywords

EID: 33846268072     PISSN: 01651587     EISSN: 14643618     Source Type: Journal    
DOI: 10.1093/erae/jbl020     Document Type: Article

References (25)

1. ABS. (2004). Australian Wine and Grape Industry, catalogue no. 1329.0. Canberra: ABS
2. Auer, L. von (2004). Hedonic Price Measurement: The CCC method. Paper presented at the SSHRC conference, Vancouver.
3. Ashenfelter, O., Ashmore, D. and Lalonde, R. (1995). Bordeaux wine vintage quality and the weather. Chance 8: 7-14.
4. Bailey, M. J., Muth, R. F. and Nourse, H. O. (1963). A regression method for real estate price index construction. Journal of the American Statistical Association 58: 933-942.
5. Bentzen, J., Leth-Sorensen, S. and Smith, V. (2002). Prices of French icon wines and the business cycle: Empirical evidence from Danish wine auctions. Working paper, Centre for International Economic Studies: Adelaide University.
6. Burton, J. and Jacobsen, J. P. (2001). The rate of return on wine investment. Economic Inquiry 39: 337-350.
7. Byron, R. P. and Ashenfelter, O. (1995). Predicting the quality of an unborn Grange. Economic Record 11: 40-53.
8. Gaillard, A. and Langton, S. (2001). Langton's Australian Fine "uying and Investment Guide. 4th edition. Sydney: Media21.
9. Clements, K. W., Yang, W. and Zheng, S. W. (1997). Is utility additive? The case of alcohol. Applied Economics 29: 1163-1167.
10. Clarke, O. and Rand, M. (2001). Grapes and Wine. London: Little, Brown and Company.
11. Combris, P., Lecocq, S. and Visser, M. (1997). Estimation for a hedonic price equation for Bordeaux wine: does quality matter? Economic Journal 107: 390-402.
12. Court, A. T. (1939). Hedonic price indexes with automotive examples. In The Dynamics of Automobile Demand. New York: General Motors Corporation, 99-117.
13. De Vittorio, A. and Ginsburgh, V. (1996). Pricing red wines of Medoc vintages from 1949 to 1989 at Christie's auctions. Journal de la Societe de Statistique de Paris 137: 19-49.
14. Diewert, E. (2003). Hedonic regressions: a review of some unresolved issues. Paper presented at the 7th meeting of the Ottawa group, Paris.
15. Diewert, E. (2001). Hedonic regressions: a consumer theory approach. Discussion paper 01-12, Department of Economics: The University of British Columbia.
16. Fisher, I. (1927). The Making of Index Numbers: A Study of Their Varieties, Tests and Reliability. London: Pitman.
17. Jaeger, E. (1981). To save or savor: the rate of return to storing wine: comment. Journal of Political Economy 89: 584-592.
18. Krasker, W. S. (1979). The rate of return to storing wine. Journal of Political Economy 87: 1363-1367.
19. Landon, S. and Smith, C. E. (1997). The use of quality and reputation indicators by consumers: the case of Bordeaux wine. Journal of Consumer Policy 20: 289-323.
20. Oczkowski, E. (1994). A hedonic price function for Australian premium table wine. Australian Journal of Agricultural Economics 38: 93-110.
21. Rosen, S. (1974). Hedonic prices and implicit markets: product differentiation in pure competition. Journal of Political Economy 82: 34-55.
22. Schamel, G. and Anderson, K. (2003). Wine quality and varietal, regional winery reputations: hedonic prices for Australia and New Zealand. Economic Record 79: 357-369.
23. Suits, D. B. (1984). Dummy variables: mechanics v interpretation. The Review of Economics and Statistics 66: 177-180.
24. Triplett, J. (2004). Handbook on Hedonic Indexes and Quality Adjustments in Price Indexes: Special Application to Information Technology Products. Paris: OECD.
25. Weil, R. L. (1993). Do not invest in wine, at least in the U.S. unless you plan to drink it, and maybe not even then. Paper presented at the 2nd international conference of the vineyard data quantification society, Verona.