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dc.contributor.authorDeodhar, Satish Y.
dc.contributor.authorSingh, Swati
dc.contributor.authorTank, Nikita
dc.date.accessioned2018-07-11T06:10:12Z
dc.date.available2018-07-11T06:10:12Z
dc.date.issued2018-03-30
dc.identifier.urihttp://hdl.handle.net/11718/20886
dc.description.abstractIndian wine market is in a nascent state as compared to its counterparts in Europe, America and Asia. However, with rapid growth in GDP and consequent changes in lifestyle, the absolute size of the market is growing rapidly. The market size was about Rs. 3 billion in 2008 and by 2015 it had already reached Rs. 6 billion. Wine is a highly differentiated product, characterized by the presence of multifarious quality attributes. In this context, it becomes imperative to know the premiums attached to different wines and their attributes, resulting from selections made by producers and consumers. We undertake a hedonic price analysis of retail wine prices and their quality attributes. Results indicate that Ceteris Paribus, there is no premium attached to red wines in general over white wines. Reserve wines and a select few red wines do earn a premium though. Substantive premium is earned by foreign brands. Wines with higher alcohol content, club-shaped bottles, and cork closures carry a premium over other types of wines. Results may give cues both to producers and consumers on what new wines they could produce or consume.en_US
dc.language.isoen_USen_US
dc.publisherIndian Institute of Management Ahmedabaden_US
dc.subjectGrapevineen_US
dc.subjectIndia’s emerging wine marketen_US
dc.subjectWine marketen_US
dc.titleGrapevine or Informed Selection: significance of quality attributes in India’s emerging wine marketen_US
dc.typeWorking Paperen_US


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