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Consumer Wine Closure Preferences: The Role of Gender, Price, and Regional Preferences
Published online by Cambridge University Press: 05 January 2021
Abstract
This paper analyzes buying decisions when consumers consider the risk that a bottle of wine may be cork-tainted. Drawing on a sample of 804 subjects, we examine the role of gender, price level, and subjects’ country of origin and their personal cork-taint risk assessments. We find that women assess the cork-taint risk higher than men but are still more likely to buy bottles with cork closures. Young consumers from Asia are more risk-averse than people from Western countries. Gender and regional differences vanish for wines in higher price brackets. (JEL Classifications: C90, D12, L66)
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- Copyright © American Association of Wine Economists, 2020
Footnotes
The authors acknowledge comments from and suggestions made by Nikos Georgantzis, Karl Storchmann, and an anonymous referee.
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