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Nonlinear Hedonic Pricing: a Confirmatory Study of South African Wines
International Journal of Wine Research Dovepress open access to scientific and medical research Open Access Full Text Article ORIGINAL RESEARCH Nonlinear hedonic pricing: a confirmatory study of South African wines David A Priilaid1 Abstract: With a sample of South African red and white wines, this paper investigates the Paul van Rensburg2 relationship between price, value, and value for money. The analysis is derived from a suite of regression models using some 1358 wines drawn from the 2007 period, which, along with red 1School of Management Studies, 2Department of Finance and Tax, and white blends, includes eight cultivars. Using the five-star rating, each wine was rated both University of Cape Town, sighted and blind by respected South African publications. These two ratings were deployed in Republic of South Africa a stripped-down customer-facing hedonic price analysis that confirms (1) the unequal pricing of consecutive increments in star-styled wine quality assessments and (2) that the relationship between value and price can be better estimated by treating successive wine quality increments as dichotomous “dummy” variables. Through the deployment of nonlinear hedonic pricing, For personal use only. fertile areas for bargain hunting can thus be found at the top end of the price continuum as much as at the bottom, thereby assisting retailers and consumers in better identifying wines that offer value for money. Keywords: price, value, wine Introduction Within economics, “hedonics” is defined as the pleasure, utility, or efficacy derived through the consumption of a particular good or service; the hedonic model thereby proposes a market of assorted products with a range of associated price, quality, and characteristic differences and a diverse population of consumers, each with a varying propensity to pay for certain attribute assemblages. -
WSWC Newsletter Template
West Side Wine Club May 2011 President’s Musings ! ! April showers bring…. May showers. Our cool spring continues, although the grapevines have budded, the next stumbling block is blossoming. Once blossoming has occurred, the rate of ripening is has little room for variation. A grape, after all, can only ripen so fast. But there are factors at work that do effect ripening. In a perfect year, we would have 80 degree days all day, never over- but Scheduled Meetings rarely under. January 19, 2011 During this time period, we watch carefully hoping to purchase good grapes. This year has been a Crush Talk struggle so far. Viticulturists in eastern Washington have been hesitant to commit so far. The freeze January 22, 2011 last fall has wine makers running around trying to find out how much they have and if they can Holiday Party/Awards replace any shortfalls. This means that when the growers tells us what’s available, we will need to Gala jump on our orders to insure we can get a variety of grapes. Some grapes will not be a problem. Others will be difficult to purchase. Sammy has been in discussions with growers and will let us know February 16, 2011 when he knows more. Red Bordeaux Tasting But this is also a time to think about purchasing barrels. May15th is the deadline for purchasing February 27, 2011 barrels at Bouchard cooperages at a discount and with no shipping cost. They make Damy, Vicard, Argyle Winery Tour Billon and Cadus barrels. All their barrels are quite good, although each provides different component to a wine. -
First Virtual 2020 ACR Conference Program October 1-4, 2020
First Virtual 2020 ACR Conference Program October 1-4, 2020 Can Brands be Sarcastic Conference Registration - https://www.acrwebsite.org/go/ACR2020Register Conference Agenda Access - Whova 2020 ACR Conference Access Info.pdf Wednesday, September 30, 2020 Advancing Diversity, Equity, 10:00 am - 12:00 pm (EDT) and Inclusion in Consumer Research Thursday, October 1, 2020 Early Career Workshop 9:00 am - 10:00 am (EDT) 10:00 am - 11:00 am (EDT) 8:00 pm - 9:00 pm (EDT) 9:00 pm - 10:00 pm (EDT) JACR Special Issue Workshop- by invitation only 10:30 am - 1:30 pm (EDT) This was set up by JACR so it only appears on the website for information, there’s not a live link to it as it is by Invitation Only. ACR-Sheth Doctoral Symposium 12:00 pm - 3:00 pm (EDT) Virtual Opening Reception 7:00 pm New York (EDT) 7:00 pm Paris (Paris Time) 7:00 pm (Sydney time for Asia/Australia) Friday, October 2, 2020 The Keith Hunt Newcomers’ Meet and Greet 9:30 am - 10:00 am (EDT) Eileen Fischer - President’s Address 10:00 am - 10:30 am (EDT) Business Meeting/Awards Ceremony 10:30 am - 11:30 am (EDT) Knowledge Forums 12:00 pm - 1:15 pm (EDT) Virtual Happy Hour 7:00 pm New York (EDT) 7:00 pm Paris (Paris Time) 7:00 pm (Sydney time for Asia/Australia) Saturday, October 3, 2020 Knowledge Forums 9:30 am - 10:45 am (EDT) 11:00 am - 12:15 pm (EDT) Virtual Closing Night Reception 7:00 pm New York (EDT)) 7:00 pm Paris (Paris Time) 7:00 pm (Sydney time for Asia/Australia) 1 First Virtual 2020 ACR Conference Program October 1-4, 2020 Friday & Saturday, October 2 & 3, 2020 The following -
The Willows Inn
THE WILLOWS INN SPECIAL CLUB CHAMPAGNE CHAMPAGNE A. Margaine ‘Verzy’ Blanc de Blanc, Montagne de Reims 2012 225 Alexandre Lenique ‘Secret de Famille’ Brut Nature, Cotes de Blanc 2006 250 Mousse Fils ‘Cuisles’ Pinot Meunier, Valllée de la Marne 2014 300 Didier-Ducos ‘Cuvée Absolu Meunier Brut’ Vallée de la Marne NV 95 Pierre Gimmonet & Fils ‘Chouilly’ Grand Cru, Cote de Blancs 2012 390 André Beaufort ‘Brut Reserve’ Ambonnay Grand Cru NV 160 Pierre Gimmonet & Fils ‘Cramant’ Grand Cru, Cote de Blancs 2012 400 André Beaufort ‘Brut’ Polisy NV 125 Gaston-Chiquet ‘Dizy’ Brut’ Vallée de la Marne 2009 220 Lelarge-Pugeot ‘Bises’ Extra-Brut Blanc de Blancs, Vrigny, Montagne de Reims NV 135 Egly-Ouriet ‘Tradition’ Brut Ambonnay Grand Cru NV 235 SPARKLING Egly-Ouriet ‘Les Crayeres’ Brut Blanc de Noirs, Ambonnay Grand Cru NV 340 H. Billiot ‘Cuvée Julie’ Ambonnay Grand Cru NV 225 Archipelago, Seigerrebe Pétillant Naturel, Lopez Island Vineyards, Lopez Island 2018 75 Chartogne-Taillet ‘Sainte Anne’ Brut, Merfy, Montagne de Reims NV 125 Syncline Cellars ‘Scintillation’ Gruner Veltliner, Columbia Gorge 2016 85 St. Reginald Parish ‘Sparkle Motion’ Brut Nature Blanc de Noir, Yamhill-Carlton 2015 120 Chartogne-Taillet ‘Chemin de Reims’ Extra Brut, Merfy, Montagne de Reims 2011 185 Roots ‘Art Brut’ Blanc de Noir, Sienna Ridge Estate, Red Hills Douglas County 2011 75 Hervy-Quenardel, Brut, Verzenay Grand Cru 2008 [1.5L] 420 Analemma, Blanc de Noirs, Atavus Vineyard, Columbia Gorge 2014 140 ROSÉ CHAMPAGNE SPARKLING ROSÉ Marc Hebrart, Brut Rosé, 1er Cru Mareuil-sur-Ay, -
Sonoma County Champagne Och Andra Fyrverkerier
Sonoma County Champagne och andra fyrverkerier Port – världsklass till reapris Taylor’s Nr 8 • 2011 Organ för Munskänkarna Årgång 54 • 2011 • 8 Vinprovning Ansvarig utgivare Ylva Sundkvist – för både samvaro och tävling Redaktör VINTERN NÄRMAR SIG i rask takt och jag är nu inne på mitt femte år i styrelsen. Otroligt vad tiden går fort Munskänken/VinJournalen Ulf Jansson, Oxenstiernsgatan 23, när man håller på med nåt som är kul och spännande. Via Munskänkarna har jag haft förmånen att få 115 27 Stockholm träffa många trevliga och engagerade människor. Vinprovning är en hobby som både stimulerar intellektet Tel 08-667 21 42 och skapar trevlig stämning. Det kan också vara roligt att tävla. Att gissa druva hemma i soffan eller att se vem som prickar flest viner i kompisgänget är ju sånt som vi alla tycker är roligt ibland. Nu senast fick jag Annonser chansen att träffa likasinnade från många länder vid vinprovnings-EM i Priorat. Munskänkarna i Sverige Urban Hedborg är en världsunik förening där vi lyckats samla många medlemmar på nationell basis och man ser på oss Tel 08-732 48 50 med stor respekt. Nästa år får vi chansen att visa framfötterna på hemmaplan, både som tävlande och som e-post: [email protected] medarrangörer. Våra vänner i Finland har då också aviserat att ställa upp som ny nation. Att tävla i vinprov- Produktion och ning är alltid mycket spännande och jag tror att vi kan locka både publik och medier till detta arrangemang. Grafisk form Exaktamedia, Malmö NÅGOT SOM DOCK ÄR oroande är att flera av våra sektioner har börjat få problem med lokala handläggare monika.fogelberg@ kring serveringstillstånd. -
Wine Grape Variety Trial for Maritime Western Washington 2000-2008
Summary of Results: Wine Grape Variety Trial for Maritime Western Washington 2000-2008 Wine Grape Cultivar Trials 2000-2008 in the Cool Maritime Climate of Western WA Gary Moulton, Carol Miles, Jacqueline King, and Charla Echlin WSU Mount Vernon NWREC 16650 State Route 536, Mount Vernon, WA 98273 Tel. 360-848-6150 Email [email protected] http://extension.wsu.edu/maritimefruit/Pages/default.aspx Wines produced from grapes grown in cool climate regions have generally low alcohol content, low viscosity, and high fruit aromas and flavor (Casteel, 1992; Jackson and Schuster, 1977; Zoecklein, 1998). Certain varietals from Germany, Austria Russia, Hungary, and Armenia, as well as some common French varieties such as Pinot Noir and Pinot Gris can produce excellent fruity wines in western Washington. Selection of the right clone is important and knowing the heat units of your site will greatly aid in the selection of which varieties to grow. The cool maritime region of western Washington is on the very low end of the spectrum with respect to the number of growing degree days (GDD) needed for ripening the more common wine grape cultivars. Although the Puget Sound region has a long growing season in terms of frost free days, mesoclimates within the area range from below 1200 GDD to 2200 GDD. The Washington State University Mount Vernon Northwestern Washington Research and Extension Center (WSU Mount Vernon NWREC) research site is located at 12 feet above sea level in the Skagit Valley floodplain, 3 miles from the Puget Sound. Since 2002, annual GDD averaged 1693; in 2003 there was a spike in GDD of 1965. -
THE WINE NEWS Monthly Newsletter Thankful for Wine November 2013 a Big ‘Thank You’ Goes out to Everyone That Attended the Fall Tasting in Madrona
THE WINE NEWS Monthly newsletter Thankful for Wine November 2013 A big ‘thank you’ goes out to everyone that attended the Fall Tasting in Madrona. A great time was had by all that ducked in out of the wind and cold. In case you missed it, below are a few of the most popular from the tasting. Bocelli Family Prosecco Veneto Italy NV $21.99/$13.99/$12.59 From the family estate of opera singer Andrea Bocelli comes this classic Prosecco, a wine which has been made on his family’s vineyard for over 130 years. This sparkling wine has subtle flower and fruit aromas that make the palate deliciously light and playful. Unlike many Proseccos, it is not harsh–rather, it tickles the throat with a peachy softness, and is flecked with minerality. 2011 Mark Ryan The ‘Chief’ Red Columbia Valley $26.99/$23.39/$21.05 Aromatically dense, the 2011 ‘Chief’ showcases outstanding complexity, with aromas of redcurrant, cigar box and toasty caramel. The palate is mouth-fillingly rich with a core of black cherry, raspberry and cocoa. The finish is impressive, displaying substantial weight and refined acidity and tannin. 50% Cabernet Sauvignon, 45% Merlot, 5% Petit Verdot. 2011 Delas Côtes du Ventoux $14.99/$9.39/$8.45 This Ventoux shows red berries on the nose. Ripe, lush fruit of figs, plums and blackberries on the palate. A combination of power and freshness. The long, velvety finish will hold your interest. Leschi Market’s Wine Department TABLE OF CONTENTS NV Borgo Maragliano Brachetto Staff Picks $18.99/$14.99/$13.49 Staff Picks. -
Exploring the Typicality, Sensory Space, and Chemical Composition of Swedish Solaris Wines
foods Article Exploring the Typicality, Sensory Space, and Chemical Composition of Swedish Solaris Wines Gonzalo Garrido-Bañuelos 1,* , Jordi Ballester 2 , Astrid Buica 3 and Mihaela Mihnea 4,* 1 Agriculture and Food, Product Design—RISE—Research Institutes of Sweden, 41276 Göteborg, Sweden 2 Centre des Sciences du Goût et de l’Alimentation, AgroSup Dijon, CNRS, INRA, Univ. Bourgogne Franche-Comté, F-21000 Dijon, France; [email protected] 3 South African Grape and Wine Research Institute, Department of Viticulture and Oenology, Stellenbosch University, Stellenbosch 7600, South Africa; [email protected] 4 Material and exterior design, Perception—RISE—Research Institutes of Sweden, 41276 Göteborg, Sweden * Correspondence: [email protected] (G.G.-B.); [email protected] (M.M.) Received: 21 July 2020; Accepted: 8 August 2020; Published: 12 August 2020 Abstract: The Swedish wine industry has exponentially grown in the last decade. However, Swedish wines remain largely unknown internationally. In this study, the typicality and sensory space of a set of twelve wines, including five Swedish Solaris wines, was evaluated blind by Swedish wine experts. The aim of the work was to evaluate whether the Swedish wine experts have a common concept of what a typical Solaris wines should smell and taste like or not and, also, to bring out more information about the sensory space and chemical composition of Solaris wines. The results showed a lack of agreement among the wine experts regarding the typicality of Solaris wines. This, together with the results from the sensory evaluation, could suggest the possibility of different wine styles for Solaris wines. -
Årsrapport 2014
Arcus-Gruppen AS | Annual Report 2014 DIRECTORS’ REPORT ArcusGruppen is a leading wine and spirits company in the Nordic region. Its head office is located at Gjelleråsen in Nittedal Municipality. The Group is the global leader in the aquavit market, the market leader in spirits in Norway and Denmark and the market leader and market runner-up in wine in Norway and Sweden, respectively. ArcusGruppen continues to strengthen its position in the Nordic market with revenue growth of 4.7%. External revenue for Wine increased by 8.5% in 2014 and decreased by 1.7% for Spirits. The strong revenue growth for Wine is primarily due to new, attractive agencies and new products. The weakening of SEK and NOK during the year, however, resulted in increased purchasing costs in 2014, which have not been fully offset by changes to the sales price. This has put pressure on profitability. A long-term repositioning of important brands in Spirits contributed to slightly reduced revenue and profitability in the Norwegian market in 2014. The Danish brands are developing as expected following their acquisition in 2013. The production facilities at Gjelleråsen reported positive productivity growth in 2014. FINANCIAL GROWTH Earnings in detail Consolidated operating revenue was MNOK 2,150 in 2014, which represents an increase of MNOK 97 (4.7%) compared to 2013. This increase is mainly attributable to growth in the Wine business area, which reported an increase in external operating revenue of MNOK 99. The Spirits business area reported a decline in its operating revenue of MNOK 14. Profit before tax, financial items, depreciation and amortisation (EBITDA) was MNOK 311, which is MNOK 21 (6.4%) lower than last year. -
A Taste of Chilean Cabernet Sauvignons and French Pinot Blancs
A Taste Of Chilean Cabernet Sauvignons And French Pinot Blancs There are very few Chilean cabernet sauvignons Don Melchor Vineyard in Puente Alto (Image: “Vina Don Melchor” with the pedigree of Vina Don Melchor. First planted in 1883 in the Puente Alto region of the Maipo Valley, its 314-acre vineyard is divided into 7 primary parcels and divided yet again into 151 sub-parcels to isolate the unique character of the soil. The cabernet sauvignons – the only wines made by this producer – reflect the painstaking attention that goes into choosing the complex vineyard blend for each vintage. Named after the founder of Concha y Toro, this brand was launched in the late 1980s and quickly achieved fame among the world’s best cabernet sauvignons. Nine times it made Wine Spectator’s annual list of top 100 wines in the world. The 2020 Vina Don Melchor scored a perfect 100 by wine critic James Suckling. Don Melchor winemaker Enrique Tirado, Maipo Valley, Chile (Image: “Vina Don Melchor”) We had an opportunity to taste the 2017 and 2018 vintages with winemaker Enrique Tirado, who has been the exclusive winemaker at Vina Don Melchor since 1997. Based almost entirely on the great cabernet sauvignon that does best in the alluvial soil, Don Melchor sees sparse amounts of cabernet franc, merlot and petit verdot in rare vintages. Winemaker Enrique Tirado (Image: “Vina Don Melchor”) Few winemakers give so much effort in determining the final blend. Each year Tirado sends 181 lots of wine to Lamarque, Bordeaux, where he joins winemaker Eric Boissenot in picking the blend over three days. -
Arden Lemonade Sunset Spritz 'Booch Slap Gin And
ARDEN LEMONADE WINE BY THE GLASS We believe life is more sweet chamomile infused vodka + lemon + when lived genuinely, simply, honey + cocchi americano 13 humbly. We embrace the natural SUNSET SPRITZ SPARKLING beauty of this world by serving buona notte rosé vermouth + food, wine and conversation bubbles + orange 11 NV BRUT ROSÉ of PINEAU d’AUNIS • Patrice Colin | Loire Valley FR • 14/56 that are unadorned and full of ‘BOOCH SLAP NV CHAMPAGNE • Baron Fuenté • Brut | Charly-Sur-Marne FR • 20/80 life. The Pacific Northwest is our mezcal + habanero + lime + home and the seasons are our orange + turmeric kombucha 13 stories. We can’t wait to GIN AND SMOKE share them with you. aria portland gin + dry vermouth + WHITE smoked olives 14 2017 AUXERROIS BLANC • Native | Willamette Valley OR • 12/48 BLACK FOREST The ingredients we utilize and the rye whiskey + amaro + 2017 RIESLING • Lingua Franca | Willamette Valley OR • 14/56 wines we serve come from black walnut bitters 14 small producers who employ 2016 CHENIN BLANC • Juchepie • Les Monts | Loire Valley FR • 18/72 respectful farming methods. ************************* 2016 PINOT GRIGIO • La Viarte | Friuli IT • 13/52 The wines are made without BEER manipulation, just as the dishes PFRIEM, hood river or 2017 BORDEAUX BLANC • Chateau Tertre de Launay | Bordeaux FR • 12/48 we create seek to highlight, rather pilsner 6 than overpower their ingredients. GOODLIFE BREWING, bend or 2017 CHABLIS • J.M. Brocard • Saint Claire | Burgundy FR • 14/56 ipa 6 2010 CHARDONNAY • Belle Pente • Estate | Willamette Valley OR • 16/64 WIDMER BROTHERS, portland or The forest of Arden in hefeweizen 6 Shakespeare’s ‘As You Like It’ was a retreat from the pomp and ************************* PINK & ORANGE circumstance of the court. -
Radio Guest List
iWineRadio℗ Wine-Centric Connection since 1999 Wine, Food, Travel, Business Talk Hosted and Produced by Lynn Krielow Chamberlain, oral historian iWineRadio is the first internet radio broadcast dedicated to wine iWineRadio—Guest Links Listen to iWineRadio on iTunes Internet Radio News/Talk FaceBook @iWineRadio on Twitter iWineRadio on TuneIn Contact Via Email View My Profile on LinkedIn Guest List Updated February 20, 2017 © 1999 - 2017 lynn krielow chamberlain Amy Reiley, Master of Gastronomy, Author, Fork Me, Spoon Me & Romancing the Stove, on the Aphrodisiac Food & Wine Pairing Class at Dutton-Goldfield Winery, Sebastopol. iWineRadio 1088 Nancy Light, Wine Institute, September is California Wine Month & 2015 Market Study. iWineRadio1087 David Bova, General Manager and Vice President, Millbrook Vineyards & Winery, Hudson River Region, New York. iWineRadio1086 Jeff Mangahas, Winemaker, Williams Selyem, Healdsburg. iWineRadio1085a John Terlato, “Exploring Burgundy” for Clever Root Summer 2016. iWineRadio1085b John Dyson, Proprietor: Williams Selyem Winery, Millbrook Vineyards and Winery, and Villa Pillo. iWineRadio1084 Ernst Loosen, Celebrated Riesling Producer from the Mosel Valley and Pfalz with Dr. Loosen Estate, Dr. L. Family of Rieslings, and Villa Wolf. iWineRadio1083 Goldeneye Winery's Inaugural Anderson Valley 2012 Brut Rose Sparkling Wine, Michael Fay, Winemaker. iWineRadio1082a Douglas Stewart Lichen Estate Grower-Produced Sparkling Wines, Anderson Valley. iWineRadio1082b Signal Ridge 2012 Anderson Valley Brut Sparkling Wine, Stephanie Rivin. iWineRadio1082c Schulze Vineyards & Winery, Buffalo, NY, Niagara Falls Wine Trail; Ann Schulze. iWineRadio1082d Ruche di Castagnole Monferrato Red Wine of Piemonte, Italy, reporting, Becky Sue Epstein. iWineRadio1082e Hugh Davies on Schramsberg Brut Anderson Valley 2010 and Schramsberg Reserve 2007. iWineRadio1082f Kristy Charles, Co-Founder, Foursight Wines, 4th generation Anderson Valley.