The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices

We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We find that prices are strongly determined by sub-AVA appellation designations, but not by specific site attributes. These results indicate that the concept of terroir matters economically, although the reality of terroir--as proxied for by locational attributes--is not significant.

The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices

We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We find that prices are strongly determined by sub-AVA appellation designations, but not by specific site attributes. These results indicate that the concept of terroir matters economically, although the reality of terroir –- as proxied for by locational attributes –- is not significant.swine, vineyard, hedonic price analysis

The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices

We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We find that prices are strongly determined by sub-AVA appellation designations, but not by specific site attributes. These results indicate that the concept of terroir matters economically, although the reality of terroir – as proxied for by locational attributes – is not significantWine, Vineyard, Hedonic Price Analysis

Cooperation and Cheating

In this article, we extend the variable delivery claim framework (Cross, Buccola, and Thomann, 2006) to examine the option-to-cheat, that is, the option to shift production between contracts ex post. We use this framework to provide a solution to the age-old conflict between enforcement and the cooperative tradition of providing a "home" for member produce. We show that, in contrast to Nourse's competitive yardstick hypothesis, the value of the cooperative-provided option increases as market competition intensifies. When the option-to-cheat is fairly-priced, it is Pareto improving, increasing grower returns, lowering cooperative per-unit costs and reducing contract shortfalls for investor-owned rivals at no additional per-unit cost. Our valuation framework is consistent with replication-based equilibria and is free from parametric specification of individual preference or firm cost structure.Marketing,

Book Reviews

Book Review 1Book Title: Electron microscopy methods and protocolsBook Author: Editor M.A. Nasser HajibagheriMethods in molecular biology, Volume 117. Humana Press, Totowa, New Jersey. 1999. ISBN 0-896-03640-5. Paperback, 283 pp.Book Review 2Book Title: Identifying British insects and arachnids: an annotated bibliography of key worksBook Author: Editor P.C. BarnardCambridge University Press, Cambridge. 1999. ISBN 0 521 63241 2. Hardback, 533pp

The Value of Terroir: Hedonic Estimation of Vineyard Sales Prices

We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We find that prices are strongly determined by sub-AVA appellation designations, but not by specific site attributes. These results indicate that the concept of terroir matters economically, although the reality of terroir – as proxied for by locational attributes – is not significant

New people: the younger informal settlements in central Durban

The report commissioned by the Department of Local Government and National Housing covers six survey areas, the first four of which are regarded as younger informal settlements closer to the city centre (Cato Manor, Kennedy Road, Briardene and Block AK). The remaining two are formal townships (Umlazi and Clermont) which have experienced informal housing areas within them. The report was completed by the Rural-Urban Studies Unit

The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices

We examine the value of terroir, which refers to the special characteristics of a place that impart unique qualities to the wine produced. We do this by conducting a hedonic analysis of vineyard sales in the Willamette Valley of Oregon to ascertain whether site attributes, such as slope, aspect, elevation, and soil types, or designated appellations are more important determinants of price. We find that prices are strongly determined by sub-AVA appellation designations, but not by specific site attributes. These results indicate that the concept of terroir matters economically, although the reality of terroir – as proxied for by locational attributes – is not significant.

Training Load, Injury Burden, and Team Success in Professional Rugby Union:Risk Versus Reward

CONTEXT: Individual and team injury burden and performance are 2 key considerations facing practitioners in the daily prescription of an athlete's training load. Whereas a considerable number of researchers have examined univariate relationships between training load and performance, training load and injury, or injury and performance, few investigators have examined all 3 concurrently. OBJECTIVE: To assess the association among training load, injury burden, and performance in professional rugby union. DESIGN: Descriptive epidemiology study. SETTING: The English Premiership competition. PATIENTS OR OTHER PARTICIPANTS: Individual injury and training load data, as well as team performance data, were captured during the 2015–2016 (n = 433 players) and 2016–2017 (n = 569 players) seasons. MAIN OUTCOME MEASURE(S): Data were aggregated into team average scores for each week, including weekly (acute) load, smoothed chronic load, changes in load, injury burden, and weekly performance. Linear mixed modelling techniques were used to assess the association among measures. RESULTS: Injury burden was negatively associated with performance, with a high weekly burden associated with a likely harmful (P = .01) decrease in performance. Training load measures displayed only trivial associations with performance. Only the acute:chronic workload ratio measure was clearly associated with injury burden, with a possibly harmful effect (P = .02). Both squad size and player availability were associated with only trivial changes in performance. CONCLUSIONS: Whereas no association between average training load and performance existed, associations between training load and injury burden and between injury burden and performance were clear. Further investigation using more sensitive and individualized measures of load, performance, and injury may elicit a clearer relationship and should be considered for future work