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Estimation of a Hedonic Price Function for Wine from the Champagne Region by Olivier Gergaud This paper applies the hedonic price method to wine from Champagne. The data used are taken from experimental studies published in two French consumer magazines (50 millions de consommateurs and Que Choisir). Some 286 champagnes are described and evaluated. To analyse the link between champagne prices, quality and reputation, we estimate a hedonic price function (the first concerning a sparkling wine we know) followed by a jury grade equation and lastly a value-for-money equation.
Olivier Gergaud (Thu,) studied this question.