{"year":"2021","_id":"44899","language":[{"iso":"eng"}],"publication_identifier":{"issn":["1931-4361","1931-437X"]},"abstract":[{"text":"<jats:title>Abstract</jats:title><jats:p>Changes in winery ratings in leading wine guides, that is, improvements as well as deteriorations, are typically attributed to corresponding changes in the quality of the wines produced by the respective winery. What remains unexplored in this context is changes in editorship and/or changes in the composition of the wine tasting teams working for the respective guide. Using data from two particularly prestigious German wine guides (Gault Millau and Vinum), this paper shows that these latter changes have a rather small, yet statistically significant impact on changes in winery ratings. Thus, consumers are well-advised to consider these changes before making their purchasing decision. (JEL Classifications: L21, M30, Q13)</jats:p>","lang":"eng"}],"citation":{"bibtex":"@article{Frick_2021, title={The Legacy of Gurus: The Impact of Armin Diel and Joel Payne on Winery Ratings in Germany}, volume={15}, DOI={<a href=\"https://doi.org/10.1017/jwe.2020.36\">10.1017/jwe.2020.36</a>}, number={4}, journal={Journal of Wine Economics}, publisher={Cambridge University Press (CUP)}, author={Frick, Bernd}, year={2021}, pages={370–377} }","mla":"Frick, Bernd. “The Legacy of Gurus: The Impact of Armin Diel and Joel Payne on Winery Ratings in Germany.” <i>Journal of Wine Economics</i>, vol. 15, no. 4, Cambridge University Press (CUP), 2021, pp. 370–77, doi:<a href=\"https://doi.org/10.1017/jwe.2020.36\">10.1017/jwe.2020.36</a>.","chicago":"Frick, Bernd. “The Legacy of Gurus: The Impact of Armin Diel and Joel Payne on Winery Ratings in Germany.” <i>Journal of Wine Economics</i> 15, no. 4 (2021): 370–77. <a href=\"https://doi.org/10.1017/jwe.2020.36\">https://doi.org/10.1017/jwe.2020.36</a>.","ieee":"B. Frick, “The Legacy of Gurus: The Impact of Armin Diel and Joel Payne on Winery Ratings in Germany,” <i>Journal of Wine Economics</i>, vol. 15, no. 4, pp. 370–377, 2021, doi: <a href=\"https://doi.org/10.1017/jwe.2020.36\">10.1017/jwe.2020.36</a>.","short":"B. Frick, Journal of Wine Economics 15 (2021) 370–377.","ama":"Frick B. The Legacy of Gurus: The Impact of Armin Diel and Joel Payne on Winery Ratings in Germany. <i>Journal of Wine Economics</i>. 2021;15(4):370-377. doi:<a href=\"https://doi.org/10.1017/jwe.2020.36\">10.1017/jwe.2020.36</a>","apa":"Frick, B. (2021). The Legacy of Gurus: The Impact of Armin Diel and Joel Payne on Winery Ratings in Germany. <i>Journal of Wine Economics</i>, <i>15</i>(4), 370–377. <a href=\"https://doi.org/10.1017/jwe.2020.36\">https://doi.org/10.1017/jwe.2020.36</a>"},"date_created":"2023-05-16T16:00:09Z","publisher":"Cambridge University Press (CUP)","publication":"Journal of Wine Economics","intvolume":"        15","page":"370-377","author":[{"full_name":"Frick, Bernd","first_name":"Bernd","last_name":"Frick","id":"16019"}],"status":"public","title":"The Legacy of Gurus: The Impact of Armin Diel and Joel Payne on Winery Ratings in Germany","date_updated":"2023-05-16T16:02:24Z","type":"journal_article","user_id":"18949","publication_status":"published","project":[{"_id":"1","name":"SFB 901: SFB 901"},{"_id":"2","name":"SFB 901 - A: SFB 901 - Project Area A"},{"name":"SFB 901 - A4: SFB 901 - Subproject A4","_id":"8"}],"issue":"4","volume":15,"doi":"10.1017/jwe.2020.36","keyword":["Horticulture","General Business","Management and Accounting","Food Science"]}