Preference shifts, structural breaks and the domestic demand for Chilean wine

Revista de Economia e Sociologia Rural

Cristián Troncoso-valverde¹ 

[1] ,University of TALCA

关键词: Preference shifts;    wine demand;    structural breaks;    product diversity;    Cambio en preferencias;    demanda por vino;    quiebres estructurales;    variedad de productos;    cointegración;    Deslocamentos da preferência;    demanda do vinho;    rupturas estruturais;    diversidade do produto;    co-integração;   

DOI  :  10.1590/S0103-20032004000300005

来源: SciELO

【 摘 要 】

This paper investigates possible changes in Chilean domestic consumer preferences for wine through the estimation of a demand function that allows for structural breaks and regime shifts in the cointegrating relationship. Our findings support both higher own-price elasticity and higher substitutability between wine and beer after 1982, when a shift in regime in the demand function is found. We believe our findings might be due to the introduction of an increasing number of wine varieties in Chile during the last two decades. We argue that more wine varieties affect domestic consumer preferences by altering the product diversity available in the domestic market.

【 授权许可】

CC BY   
 All the contents of this journal, except where otherwise noted, is licensed under a Creative Commons Attribution License