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dc.rights.licenseopenen_US
hal.structure.identifierLaboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
dc.contributor.authorCARDEBAT, Jean Marie
IDREF: 061663352
hal.structure.identifierLaboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
dc.contributor.authorLE FUR, Eric
hal.structure.identifierLaboratoire d'analyse et de recherche en économie et finance internationales [Larefi]
dc.contributor.authorFAYE, Benoit
dc.contributor.authorMASSET, Philippe
dc.date.accessioned2022-02-14T15:09:27Z
dc.date.available2022-02-14T15:09:27Z
dc.date.issued2020
dc.identifier.otherhttps://www.journaleska.com/index.php/bmi/article/view/4580en_US
dc.identifier.urihttps://oskar-bordeaux.fr/handle/20.500.12278/124725
dc.description.abstractEnThe dispersion of prices on the fine wines market raises the issue of the wine price index construction and valuation of wine funds. In this paper, we first propose an extended hedonic function to better control good heterogeneity (which is a major source of price dispersion) by encoding auction experts’ comments about the state of preservation of the bottles. Second, we use a multiplicative heteroscedastic model to identify the attributes providing the most price dispersion. Outcomes allow for defining the relevant components of wine price hedonic function, and spurs data providers to develop the information on wine products. This result might be useful for professionals willing to improve their fine wine valuation process and then would improve the fine wines market efficiency.
dc.language.isoENen_US
dc.subject.enAuction prices
dc.subject.enHedonic function
dc.subject.enMultiplicative heteroscedastic
dc.subject.enWine
dc.title.enAttributes’ specification of wine indexes: is devil in the details?
dc.typeArticle de revueen_US
dc.subject.halÉconomie et finance quantitative [q-fin]en_US
bordeaux.journalBankers, Markets and Investorsen_US
bordeaux.volume161en_US
bordeaux.hal.laboratoriesLaboratoire d’Analyse et de Recherche en Economie et Finances Internationalesen_US
bordeaux.institutionUniversité de Bordeauxen_US
bordeaux.institutionCNRSen_US
bordeaux.peerReviewedouien_US
bordeaux.inpressnonen_US
hal.identifierhal-03573293
hal.version1
hal.date.transferred2022-02-14T15:09:29Z
hal.exporttrue
dc.rights.ccPas de Licence CCen_US
bordeaux.COinSctx_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.jtitle=Bankers,%20Markets%20and%20Investors&rft.date=2020&rft.volume=161&rft.au=CARDEBAT,%20Jean%20Marie&LE%20FUR,%20Eric&FAYE,%20Benoit&MASSET,%20Philippe&rft.genre=article


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