Hedonic Wine Price Functions and Measurement Error
โ Scribed by Edward Oczkowski
- Book ID
- 108573142
- Publisher
- John Wiley and Sons
- Year
- 2001
- Tongue
- English
- Weight
- 133 KB
- Volume
- 77
- Category
- Article
- ISSN
- 0013-0249
No coin nor oath required. For personal study only.
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## Abstract The market share of New World wines sold in many European countries has increased dramatically over the past decade. More aggressive marketing, together with a more distinct and recognizable labeling scheme, are often regarded as the keys to the marketing success of these new wines. Thi
presented an investigation of selectivity bias in hedonic price functions estimated from sold subsamples. The empirical findings were sensitive to the degree of skewness allowed by the choice of offer distribution. With the generalized model presented in this paper, the degree of skewness present in