Journal
APPLIED ECONOMICS LETTERS
Volume 20, Issue 12, Pages 1174-1177Publisher
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
DOI: 10.1080/13504851.2013.797552
Keywords
asymmetric information; quality; ratings; bias; L15; D82
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Using a new database on Italian wines rated by the Guida dei Vini di Veronelli from 2004 to 2009, we show that the tasters' quality evaluations are affected by two sources of personal bias, namely generosity and personal preferences towards certain types of wine characteristics.
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