The wine hedonic price models in the "Old and New World": : state of the art

The basic hedonic hypothesis is that goods are valued for their utility-bearing characteristics and not for the good itself. Each attribute can be evaluated by consumers when making a purchasing decision and an implicit price can be identified for each of them. Thus, the observed price of a certain good can be analyzed as the sum of the implicit prices paid for each quality attribute. Literature has reported hedonic models estimates in the case of wines, which are excellent examples of differentiated goods worldwide.The impact of different wine attributes (intrinsic or extrinsic) on consumers’ willingness to pay has been analyzed with dissimilar results. Wines coming from "New World" producers seem to be appreciated for different attributes than wines produced in the "Old World". Moreover, "Old and New World" consumers seem to value differently the wine’s characteristics. To our knowledge, no cross country analysis has been done dealing with "New World" wines in "Old World" countries, leaving an important gap in understanding underlying attributes influencing buying decisions.

Aproximación al monacato occidental en la Edad Media

Monasticism was not born nor grew up in contraposition to scholasticism. Both of them express the truth and unity of religious life. In this paper, the Author analyses the cases of a monk and a scholar, Bernardus of Claraval and Petrus Abelardus, respectively, by means of two of their major works: Commentary on The Song of Songs and Preface to the Commentary on the Letters of Saint Paul. Finally, a brief summary concerning longing for heaven in texts of Medium Ages is included.