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Wine Economics: Expert Ratings, Wine Pricing, & Globalization

Chicago Booth Alumni Club of San Francisco

November 6, 2020: 5:00 PM - 6:30 PM

5-6:30 pm PDT | 7-8:30 pm CDT

Booth Clinical Professor of Economics Michael Gibbs, PhD, will lead an engaging, informative and fun happy hour lecture on wine pricing and expert rating models.

Where

Online Webinar
San Francisco, California

Event Details

A simple economic model of the effects of reputation on prices will be discussed. An increasing fraction of inexperienced consumers results in a stronger sensitivity of prices to ratings of quality. This may be a factor in price dynamics for goods that become more widely traded as a result of globalization. Discussion will include empirical analysis using data on prices and Robert Parker's ratings of wines.

Cost

No Charge

Registration

Zoom information will be shared after registration.

Deadline: 11/6/2020

Questions

Paul Crooker, '19
SF Bay Area Booth Alumni Club

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