The hedonic contents of italian super premium extra-virgin olive oils
This study focuses on the Italian market for high quality olive oil and seeks at assessing the value of a set of emerging quality clues. To this aim a hedonic price model is proposed where the price is regressed on various product attributes using a quantile regression that allows for deeper insigh...
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doaj-cd1e7caa5cdc498d9bd8a73d436056f12020-11-25T00:37:31ZengFirenze University PressBio-based and Applied Economics2280-61802280-61722019-12-017310.13128/bae-7676The hedonic contents of italian super premium extra-virgin olive oilsLuca Cacchiarelli0Anna Carbone1Tiziana Laureti2Alessandro Sorrentino3Dipartimento di Economia, Ingegneria, Società e Impresa, Università della Tuscia, Viterbo, ItalyDipartimento per l’Innovazione nei sistemi Biologici, Agroalimentari e Forestali, Università della Tuscia, Viterbo, ItalyDipartimento di Economia, Ingegneria, Società e Impresa, Università della Tuscia, Viterbo, ItalyDipartimento di Economia, Ingegneria, Società e Impresa, Università della Tuscia, Viterbo, Italy This study focuses on the Italian market for high quality olive oil and seeks at assessing the value of a set of emerging quality clues. To this aim a hedonic price model is proposed where the price is regressed on various product attributes using a quantile regression that allows for deeper insights. The analysis covers about one thousand Italian extra-virgin olive oils reviewed by Slow Food guide. Overall, results indicate that various quality clues (e.g.: variety of the olives, the production area, the certification of origin, the organic certification) are associated with relevant price premiums. Moreover, the quantile regression reveals the values associated to quality changes at different price levels. It is worthwhile to underline that the usual negative price premium against olive oils produced in Southern Italy tends to decrease in higher market segments. https://oaj.fupress.net/index.php/bae/article/view/7676Hedonic priceextra-virgin olive oilquantile regressionquality clues |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Luca Cacchiarelli Anna Carbone Tiziana Laureti Alessandro Sorrentino |
spellingShingle |
Luca Cacchiarelli Anna Carbone Tiziana Laureti Alessandro Sorrentino The hedonic contents of italian super premium extra-virgin olive oils Bio-based and Applied Economics Hedonic price extra-virgin olive oil quantile regression quality clues |
author_facet |
Luca Cacchiarelli Anna Carbone Tiziana Laureti Alessandro Sorrentino |
author_sort |
Luca Cacchiarelli |
title |
The hedonic contents of italian super premium extra-virgin olive oils |
title_short |
The hedonic contents of italian super premium extra-virgin olive oils |
title_full |
The hedonic contents of italian super premium extra-virgin olive oils |
title_fullStr |
The hedonic contents of italian super premium extra-virgin olive oils |
title_full_unstemmed |
The hedonic contents of italian super premium extra-virgin olive oils |
title_sort |
hedonic contents of italian super premium extra-virgin olive oils |
publisher |
Firenze University Press |
series |
Bio-based and Applied Economics |
issn |
2280-6180 2280-6172 |
publishDate |
2019-12-01 |
description |
This study focuses on the Italian market for high quality olive oil and seeks at assessing the value of a set of emerging quality clues. To this aim a hedonic price model is proposed where the price is regressed on various product attributes using a quantile regression that allows for deeper insights. The analysis covers about one thousand Italian extra-virgin olive oils reviewed by Slow Food guide. Overall, results indicate that various quality clues (e.g.: variety of the olives, the production area, the certification of origin, the organic certification) are associated with relevant price premiums. Moreover, the quantile regression reveals the values associated to quality changes at different price levels. It is worthwhile to underline that the usual negative price premium against olive oils produced in Southern Italy tends to decrease in higher market segments.
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topic |
Hedonic price extra-virgin olive oil quantile regression quality clues |
url |
https://oaj.fupress.net/index.php/bae/article/view/7676 |
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