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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
dc.contributor.authorGAETA, Davide
dc.contributor.authorCORSINOVI, Paola
dc.date.accessioned2022-06-01T15:24:22Z
dc.date.available2022-06-01T15:24:22Z
dc.date.issued2018-05
dc.identifier.issn1545-2921en_US
dc.identifier.urihttps://oskar-bordeaux.fr/handle/20.500.12278/140132
dc.description.abstractEnThis paper shows that the Wine Spectator Top 100 list mixes objective and subjective information while resembling a bargain wines list, in which the ranking is better when the price (score) is lower (higher). Indeed, there is a weak but positive and significant correlation between the WS ranking and the hedonic bargain wines rank calculated in this analysis. However, significant geographic bias, wineries bias, and the large part of unexplained variance of the WS ranking reveal that some subjective information also determines the WS Top 100 ranking. This blend of objective and subjective determinants, added to the formal aspect of the list, hierarchized from 1 to 100, might mislead the consumer into considering this ranking as a “best (top 100) bargain wine list”. Therefore, this impossibility to disentangle objective from subjective information could be seen as a source of inefficiency on the wine market. Splitting the WS Top 100 list into a hedonic bargain wine list (based on objective components) and a non-hierarchized “crush” wine list could be a solution for reinforcing the quality of the information on the wine market
dc.language.isoENen_US
dc.subject.enCountries of Origin
dc.subject.enHedonic Bargain
dc.subject.enConsumers
dc.subject.enInformation
dc.subject.enPrices
dc.subject.enQuality
dc.subject.enJournalists
dc.subject.enTop 100 list
dc.subject.enWine
dc.subject.enWine Appellations
dc.subject.enWine Critics
dc.subject.enWine Market
dc.title.enDo Top 100 wine lists provide consumers with better information?
dc.typeArticle de revueen_US
dc.subject.halÉconomie et finance quantitative [q-fin]en_US
dc.subject.jelD - Microeconomics::D1 - Household Behavior and Family Economicsen_US
dc.subject.jelM - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics::M3 - Marketing and Advertisingen_US
bordeaux.journalEconomics Bulletinen_US
bordeaux.page983-994en_US
bordeaux.volume38en_US
bordeaux.hal.laboratoriesLaboratoire d'analyse et de recherche en économie et finance internationales (LAREFI) - EA2954en_US
bordeaux.issue2en_US
bordeaux.institutionUniversité de Bordeauxen_US
bordeaux.institutionCNRSen_US
bordeaux.peerReviewedouien_US
bordeaux.inpressnonen_US
hal.identifierhal-03684966
hal.version1
hal.date.transferred2022-06-01T15:24:24Z
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=Economics%20Bulletin&rft.date=2018-05&rft.volume=38&rft.issue=2&rft.spage=983-994&rft.epage=983-994&rft.eissn=1545-2921&rft.issn=1545-2921&rft.au=CARDEBAT,%20Jean%20Marie&GAETA,%20Davide&CORSINOVI,%20Paola&rft.genre=article


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