The value of terroir
Subtitle: hedonic estimation of vineyard sale prices
By: Robin Cross, Andrew J. Plantinga, Robert N. Stavins
Contributors: Plantinga,  Andrew; Stavins, R. N. (Robert N.), 1948-; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16762; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16762.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "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"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 5/10/2011.

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