• Media type: E-Article
  • Title: Consumer ratings and the pricing of experience goods: hedonic regression analysis of beer prices
  • Contributor: Smith, Rachel A. [Author]; McKinney, C. Nicholas [Author]; Caudill, Steven B. [Author]; Mixon, Franklin G. [Author]
  • Published: Heidelberg: Springer, 2016
  • Language: English
  • DOI: https://doi.org/10.1186/s40100-016-0068-3
  • ISSN: 2193-7532
  • Keywords: Consumer ratings ; Experience goods ; Beer prices ; Asymmetric information ; Hedonic analysis
  • Origination:
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  • Description: This study fills a void in the literature by providing the first evaluation of the impact of consumer ratings on beer prices using hedonic methods. Our work is based on a dataset consisting of over 400 beers and includes information on calorie content, alcohol content, user rating, and style for each beer. Our results indicate that a 10-point increase in consumer rating is associated with about a $0.50 increase in the price of beer per unit.
  • Access State: Open Access
  • Rights information: Attribution (CC BY)