Table 7 Effects of Added SO₂, Production Variables, Wine Characteristics, Indicators of Quality, and Winery Characteristics on Wine Price for White and Red Wines

SO₂

−0.025

(0.197)

−0.519^c

(0.157)

SO₂ x FNIVAB

−0.418

(0.406)

−0.067

(0.142)

−0.307^a

(0.173)

SO₂ x Demeter

−0.168

(0.252)

0.277

(0.198)

SO₂ x Ln(Intended Cellar)

0.221^b

(0.106)

0.305^c

(0.083)

Ln(Intended Cellar)

−0.001

(0.086)

−0.102

(0.072)

Manual Harvest

0.248^a

(0.131)

0.176^b

(0.063)

Ferments Added

−0.033

(0.076)

0.027

(0.064)

Sugar Added

−0.185

(0.238)

0.157

(0.117)

Filtered

−0.108

(0.144)

−0.115^b

(0.059)

Oak Barrel

0.238^c

(0.059)

0.190^c

(0.037)

Ln(Production)

−0.148^b

(0.047)

−0.050^a

(0.029)

Ln(Aged)

0.127

(0.093)

0.128^b

(0.065)

% Alcohol

0.008

(0.022)

0.064^b

(0.022)

Sparkling

0.388^b

(0.156)

0.364^b

(0.155)

Hachette

−0.105

(0.119)

−0.044

(0.066)

Hachette x Stars

−0.215

(0.212)

−0.049

(0.066)

Hachette CDC

0.207*

(0.107)

0.051

(0.095)

AOC

0.152

(0.121)

0.150^b

(0.066)

Grand Cru

−0.153

(0.192)

0.393

(0.288)

Villages

0.433^c

(0.126)

−0.082

(0.105)

Parker Dummy Variable

0.185^b

(0.087)

0.079

(0.079)

Parker Rating

−0.028

(0.074)

−0.010

(0.037)

FNIVAB

0.411

(0.386)

0.182

(0.160)

Biodyvin

−0.028

(0.150)

0.556^b

(0.179)

Demeter

0.177

(0.347)

−0.361^a

(0.197)

Ln(OrgExp)

−0.099^a

(0.053)

−0.046

(0.041)

Ln(Total Area)

0.139^a

(0.076)

0.009

(0.038)

Controls for Variety, Region, Vintage

Yes

Yes

Constant

4.081

(6.536)

2.249

(3.338)

N

169

321

R²

0.745

0.641

Hausman Test Chi²(45),(54)

39.18

45.53

Model Type