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来源类型Working Paper
规范类型报告
DOI10.3386/w16762
来源IDWorking Paper 16762
The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices
Robin Cross; Andrew J. Plantinga; Robert N. Stavins
发表日期2011-02-03
出版年2011
语种英语
摘要We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We find that prices are strongly determined by sub-AVA appellation designations, but not by specific site attributes. These results indicate that the concept of terroir matters economically, although the reality of terroir - as proxied for by locational attributes - is not significant.
主题Econometrics ; Estimation Methods ; Environmental and Resource Economics ; Agriculture
URLhttps://www.nber.org/papers/w16762
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/574437
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Robin Cross,Andrew J. Plantinga,Robert N. Stavins. The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices. 2011.
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