Cairn - Price Formation : the Case of the Burgundy Wine Market

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Revue française de sociologie
Ophrys

I.S.B.N.
200 pages

p. 157 à 182
doi: en cours

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Volume 47 2006/5

Discipline > Revue > Sommaire > Résumé

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Price Formation : the Case of the Burgundy Wine Market

Yuna Chiffoleau Catherine Laporte

Résumé de l'article

Price formation processes in “quality” commodities markets challenge standard economic theory. Using the principle of “embeddedness” postulated by economic sociology, the article shows how price formation analysis can reveal the social organization of such markets. A comprehensive approach to how wine producers in Burgundy determine their prices shows how the diversity of procedures used is related to professional relations and statuses. Using “integration variables” that are both economic and sociological, the discussion opens onto perspectives for renewing dialogue between the two disciplines and thus furthering our understanding of “the economics of quality”.

Plan de l'article

• Quality commodity price formation : from economic models to economic sociology propositions

— Taking quality into account in economic models

— The view afforded by economic sociology

• A comprehensive approach to price determination for Burgundy wines

— An exemplary case

— A determining procedure based on “integration variables”

• Regularities and variants in price formation procedures

— Principles common to all producers : adjusting base price and selecting decision-making criteria

— Price determination procedures as distinguished by decisive criteria

• From analysis of procedures to the social organization of quality markets

— Relations among price determination procedure, price, and structures

— From economic variables to the social foundations of quality commodity markets

• RÉFÉRENCES

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