Transaction price vs. ask price in hedonic regressions: evidence from the vintage scotch whisky market - Archive ouverte HAL
Article Dans Une Revue Applied Economics Letters Année : 2021

Transaction price vs. ask price in hedonic regressions: evidence from the vintage scotch whisky market

Résumé

This paper examines the impact that ask prices and transaction prices have on vintage whisky hedonic price estimates, following a recent paper by Moroz and Pecchioli, who focus solely on ask prices. In general, the results suggest that whisky price estimates are independent of prices employed, with the main differences relating to the economic impact of certain variables. More precisely, bottle owners tend to overestimate the effect of some whisky characteristics (bottle age, non-dilution of the whisky) on price, which may be explained by the youth of the whisky investor market.
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Dates et versions

hal-02557958 , version 1 (29-04-2020)

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David Moroz, Bruno Pecchioli. Transaction price vs. ask price in hedonic regressions: evidence from the vintage scotch whisky market. Applied Economics Letters, 2021, 28 (2), pp.129-132. ⟨10.1080/13504851.2020.1738323⟩. ⟨hal-02557958⟩
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