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Old World Wines Revisited: Consumers' Valuation of Spanish and German Wines in the UK Wine Market AgEcon
Steiner, Bodo E..
The mid 1990s was a pivotal period for the UK retail wine market, as New World Wines started to expand significantly at the expense of Old World Wines. This paper reviews supply and demand-side characteristics of the UK wine market during this period, and the underlying wine labeling scheme, before assessing how wines from Old World wine producing countries were valued by consumers in the British wine market. Following a more detailed discussion of econometric estimation issues, hedonic price analysis is applied in order to analyze consumers’ valuation of wine label attributes of Spanish and German wines sold in Britain in 1994.
Tipo: Working or Discussion Paper Palavras-chave: Wine labels; UK wine market; Hedonic price models; Spain; Germany; Agribusiness; Consumer/Household Economics; Demand and Price Analysis; Marketing; Q13; L66; D01.
Ano: 2009 URL: http://purl.umn.edu/91405
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MESSAGE ON THE BOTTLE: COLOURS AND SHAPES OF WINE LABELS AgEcon
de Mello, Luiz; Pires, Ricardo.
Wine consumers rely mainly on the label on the bottle to infer the quality of its content. But there is little empirical research on how colours can be interacted with shapes in the design of wine labels. This study draws from an experiment using data from Spain and shows that there are strong preferences for selected colour-shape combinations in label design. Surprisingly, colour alone does not elicit as strong preferences as certain shapes do, at least when they are assessed irrespectively of the shapes featured in the label. Other combinations, on the other hand, are very resilient, especially those that contain colour hues, such as brown, yellow, black and green, in labels with salient rectangular and hexagonal patterns.
Tipo: Working or Discussion Paper Palavras-chave: Wine labels; Marketing.
Ano: 2009 URL: http://purl.umn.edu/53885
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