This paper carries out a thorough review of the literature on the estimation of hedonic price functions in the wine market, compiling and carefully documenting all research work on the subject. The review analyses the main methodological decisions taken by the different authors, as well as the typology of the available databases: identification of the relevant market, specification of the price function, sources and types of prices, econometric methodology, and type of publication. The variance decomposition analysis of the Adjusted-R-squared values from the estimated hedonic price functions suggests that attribute selection, the definition of the product market, the characteristics of information sources, and the implemented econometric procedures are the most relevant factors in explaining the models’ explanatory power.

中文翻译：

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葡萄酒市场的特征价格模型：文献的系统比较回顾

本文对葡萄酒市场特征价格函数估计的文献进行了彻底的回顾，汇编并仔细记录了该主题的所有研究工作。该评论分析了不同作者采取的主要方法决定，以及可用数据库的类型：相关市场的识别、价格函数的说明、价格的来源和类型、计量经济学方法和出版物类型。根据估计的特征价格函数对调整后的 R 平方值进行方差分解分析表明，属性选择、产品市场的定义、信息源的特征以及实施的计量经济学程序是解释模型的最相关因素’的解释力。