Présentation
 
2004 - Volume 45 > Numéro 4

ISSN 0035-2969

Price formation : the Burgundy wine market
Yuna CHIFFOLEAU Catherine LAPORTE

pp. 653-680

 

The price formation process calls economic theories to account as soon as the notion of « quality » is introduced. This article uses the principle of « embeddedness » postulated by economic sociology to show how analysis of price formation can point to and reveal the social organization of markets for quality goods. A comprehensive approach to how Burgundy wine producers set their prices makes it possible to explain how their various decision-making procedures are related to statuses and professional relations. Using « integration variables » that are both economic and sociological, the discussion opens prospects for renewed dialogue between the two disciplines and thus represents a move forward in understanding the « economics of quality ».

 

 

 
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