Impacts of Expert Information on Prices for an Experience Good across Product Segments: Tasting Notes and Wine Prices
When purchasing experience goods, consumers often rely on information from expert evaluations. In this article, we quantify how expert information impacts prices across product segments. for higher-end products, consumers have the incentive to invest more time in research prior to purchase. Thus, ex...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Western Agricultural Economics Association
2018-09-01
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| Series: | Journal of Agricultural and Resource Economics |
| Subjects: | |
| Online Access: | https://ageconsearch.umn.edu/record/276501 |