Consumer ratings and the pricing of experience goods: hedonic regression analysis of beer prices
Abstract This study fills a void in the literature by providing the first evaluation of the impact of consumer ratings on beer prices using hedonic methods. Our work is based on a dataset consisting of over 400 beers and includes information on calorie content, alcohol content, user rating, and styl...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
SpringerOpen
2016-11-01
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| Series: | Agricultural and Food Economics |
| Subjects: | |
| Online Access: | http://link.springer.com/article/10.1186/s40100-016-0068-3 |
| Summary: | Abstract This study fills a void in the literature by providing the first evaluation of the impact of consumer ratings on beer prices using hedonic methods. Our work is based on a dataset consisting of over 400 beers and includes information on calorie content, alcohol content, user rating, and style for each beer. Our results indicate that a 10-point increase in consumer rating is associated with about a $0.50 increase in the price of beer per unit. |
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| ISSN: | 2193-7532 |