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French wines on the decline? Econometric evidence from Britain
Steiner, Bodo E.
French wines, differentiated by geographic origin, served for many decades as a basis for the French success in the British wine market. However in the early 1990s, market share began to decline. This article explores the values that market participants placed on labelling information on French wines in Britain in 1994. Results from a parametric hedonic approach indicate that both the lack of a consistently positive valuation of varietal wines and the low valuation of wines with geographical appellation help to explain the overall decline of France's role in the British wine market.
Keyword(s): Wine labelling; Hedonic price analysis; Food prices--Econometric models; Wine labels; Wine industry--France
Publication Date:
2004
Type: Journal article
Peer-Reviewed: Yes
Language(s): English
Institution: University College Cork
Citation(s): Steiner, B. (2004) 'French Wines on the Decline?: Econometric Evidence from Britain'. Journal of Agricultural Economics (JAE), 55 (2):267-288. doi: 10.1111/J.1477-9552.2004.TB00096.X
Publisher(s): Agricultural Economics Society
File Format(s): application/pdf
Related Link(s): http://www.ingentaconnect.com/content/aes/jae/2004/00000055/00000002/art00007
First Indexed: 2011-09-15 05:31:04 Last Updated: 2016-10-14 06:46:51