Assessing experiential augmentation of the environment in the valuation of wine: Evidence from an economic experiment in Mt. Etna, Italy

Gioacchino Pappalardo, Roberta Selvaggi, Biagio Pecorino, Ji Yong Lee, Rodolfo M. Nayga, Jr

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

In this study, we conducted an experimental auction to determine the impacts that “experiential augmentation,” a phenomenon in which a physical location impacts decision-making, has on consumers’ willingness to pay (WTP) for wine. The experiment elicited subjects’ valuation under experiential augmentation conditions for three types of wine grown in the Mt. Etna area in Sicily, Italy. Our findings indicate that experiential augmentation increased consumers’ WTP for wine. Our results suggest that experiential marketing practices explicitly related to the environment where the wine is produced and consumed can lead to increased valuation for wine.

Original languageEnglish
JournalPsychology and Marketing
DOIs
Publication statusPublished - 2019 Jan 1

Fingerprint

Wine
Italy
Economics
Sicily
Marketing
Decision Making
Economic experiments
Augmentation
Willingness-to-pay

Keywords

  • environment
  • experiential augmentation
  • experiential marketing
  • wine
  • WTP

ASJC Scopus subject areas

  • Applied Psychology
  • Marketing

Cite this

Assessing experiential augmentation of the environment in the valuation of wine : Evidence from an economic experiment in Mt. Etna, Italy. / Pappalardo, Gioacchino; Selvaggi, Roberta; Pecorino, Biagio; Lee, Ji Yong; Nayga, Jr, Rodolfo M.

In: Psychology and Marketing, 01.01.2019.

Research output: Contribution to journalArticle

Pappalardo, Gioacchino ; Selvaggi, Roberta ; Pecorino, Biagio ; Lee, Ji Yong ; Nayga, Jr, Rodolfo M. / Assessing experiential augmentation of the environment in the valuation of wine : Evidence from an economic experiment in Mt. Etna, Italy. In: Psychology and Marketing. 2019.
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