Journal of Wine Economics最新文献

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Estimating Supply Functions for Wine Attributes: A Two-Stage Hedonic Approach 葡萄酒属性的供应函数估计:一种分两阶段的Hedonic方法
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2021-12-07 DOI: 10.1017/jwe.2021.27
E. Oczkowski
{"title":"Estimating Supply Functions for Wine Attributes: A Two-Stage Hedonic Approach","authors":"E. Oczkowski","doi":"10.1017/jwe.2021.27","DOIUrl":"https://doi.org/10.1017/jwe.2021.27","url":null,"abstract":"Abstract A vast body of literature exists on estimating hedonic price functions, which relate the price of wine to its attributes. Some existing literature has employed producer-specific variables such as quantity sold and producer reputation in hedonic functions to potentially capture supply influences on prices. This practice is inconsistent with the original Rosen (1974) hedonic theoretic foundation. To overcome this deficiency, we extend the literature by using the Rosen two-stage approach, employing data from multi-markets for similar wines to estimate inverse supply functions. The application to Australian produced wines sold in different countries demonstrates the importance of a wine's quality and age as attributes in inverse supply functions. Results imply the additional costs of producing better quality and older wines are increased as both quality and age are increased. Estimates also suggest that lower marginal costs for attributes are associated with a smaller producer size and older more established producers. (JEL Classifications: C21, Q11)","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"17 1","pages":"1 - 26"},"PeriodicalIF":1.4,"publicationDate":"2021-12-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49500724","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
A “Sideways” Supply Response in California Winegrapes 加州酿酒葡萄的“横向”供应反应
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2021-11-09 DOI: 10.1017/jwe.2021.26
Sarah Consoli, Elizabeth A. Fraysse, N. Slipchenko, Yi Wang, Jahon Amirebrahimi, Zhiran Qin, Neil Yazma, Travis J. Lybbert
{"title":"A “Sideways” Supply Response in California Winegrapes","authors":"Sarah Consoli, Elizabeth A. Fraysse, N. Slipchenko, Yi Wang, Jahon Amirebrahimi, Zhiran Qin, Neil Yazma, Travis J. Lybbert","doi":"10.1017/jwe.2021.26","DOIUrl":"https://doi.org/10.1017/jwe.2021.26","url":null,"abstract":"Abstract This paper explores growers’ supply response to the 2005 “Sideways effect” demand shock (Cuellar, Karnowsky, and Acosta, 2009) triggered by the 2004 release of the movie Sideways. We use a modified difference-in-difference approach to evaluate the supply response in California and regional supply response differences within California. We use U.S. Department of Agriculture data for the period 1999–2012 and find evidence of a supply response in the post-release period that is consistent with the “Sideways effect” on wine demand. The positive supply response for Pinot Noir is stronger than the negative response for Merlot and concentrated in lower value Central Valley vineyards. (JEL Classifications: D25, Q12)","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"17 1","pages":"42 - 63"},"PeriodicalIF":1.4,"publicationDate":"2021-11-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45653481","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
JWE volume 16 issue 4 Cover and Back matter JWE第16卷第4期封面和封底
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2021-11-01 DOI: 10.1017/jwe.2022.5
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引用次数: 0
Business Cycles and Alcohol Consumption: Evidence from a Nonlinear Panel ARDL Approach 商业周期与酒精消费:来自非线性面板ARDL方法的证据
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2021-11-01 DOI: 10.1017/jwe.2021.32
E. R. Sadik-Zada, Britta Niklas
{"title":"Business Cycles and Alcohol Consumption: Evidence from a Nonlinear Panel ARDL Approach","authors":"E. R. Sadik-Zada, Britta Niklas","doi":"10.1017/jwe.2021.32","DOIUrl":"https://doi.org/10.1017/jwe.2021.32","url":null,"abstract":"Abstract This study revisits the relationship between economic variables and alcohol consumption from a macro perspective. Focusing explicitly on the asymmetries of the responsiveness of alcohol consumption during the expansion and contraction phases of the business cycle, asymmetric panel estimators are employed. We employ a nonlinear autoregressive distributed lag model for a panel of 24 countries for the period 1961 to 2014. Findings show that expansion leads to a long-term increase in average alcohol consumption, while during contraction, the level of average alcohol consumption persists. Expansion, together with a pronounced reduction in the unemployment rate could, however, lead to a net reduction of gross alcohol and wine consumption. Nonetheless, if the recession corresponds with a surge in unemployment, this leads to a long-run increase in the level of total gross alcohol consumption but a decrease in wine and beer consumption. Reduction in unemployment does not lead to a reduction in beer consumption, as pre-expansion levels of beer consumption persist. (JEL Classifications: E32, I19, L66)","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"16 1","pages":"429 - 438"},"PeriodicalIF":1.4,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42544432","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 10
Vertical and Horizontal Networks and Export Performance in the Spanish Wine Industry 西班牙葡萄酒行业的纵向和横向网络与出口业绩
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2021-11-01 DOI: 10.1017/jwe.2021.35
J. Ferrer, Silvia Abella-Garcés, Raúl Serrano
{"title":"Vertical and Horizontal Networks and Export Performance in the Spanish Wine Industry","authors":"J. Ferrer, Silvia Abella-Garcés, Raúl Serrano","doi":"10.1017/jwe.2021.35","DOIUrl":"https://doi.org/10.1017/jwe.2021.35","url":null,"abstract":"Abstract Wineries in the “old world” export almost 40% of their production. This study analyzes the influence of vertical and horizontal networks on export performance. We draw on a sample of 183 Spanish wineries and examine the main independent variables using a two-step Heckman model. We find positive effects of horizontal networks and—at a somewhat lower level—downstream vertical networks on export performance. (JEL Classifications: L66, M16, Q13)","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"16 1","pages":"400 - 410"},"PeriodicalIF":1.4,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49292787","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
The Water of Life and Death: A Brief Economic History of Spirits 《生死之水:精神经济简史
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2021-11-01 DOI: 10.1017/jwe.2021.9
L. Cockx, Giulia Meloni, J. Swinnen
{"title":"The Water of Life and Death: A Brief Economic History of Spirits","authors":"L. Cockx, Giulia Meloni, J. Swinnen","doi":"10.1017/jwe.2021.9","DOIUrl":"https://doi.org/10.1017/jwe.2021.9","url":null,"abstract":"Abstract Spirits represent around 50% of global alcohol consumption. This sector is much less studied than other alcoholic beverages such as wine or beer. This paper reviews the economic history of spirits and analyzes recent trends in the spirits markets. The technology to produce spirits is more complex than for wine or beer. Distillation was known in ancient Chinese, Indian, Greek, and Egyptian societies, but it took innovations by the Arabs to distill alcohol. Initially, this alcohol was used for medicinal purposes. Only in the Middle Ages did spirits become a widespread drink. The Industrial Revolution created a large consumer market and reduced the cost of spirits, contributing to excess consumption and alcoholism. Governments have intervened extensively in spirits markets to reduce excessive consumption and to raise taxes. There have been significant changes in spirits consumption and trade over time. Over the past 50 years, the share of spirits in global alcohol consumption increased from around 30% to around 50%. In the past decades, there was strong growth in emerging markets, including in China and India. Recent developments in the spirits industry include premiumization, the growth of craft spirits, and the introduction of terroir for spirits. (JEL Classifications: L51, L66, N40, Q11, Q18)","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"16 1","pages":"355 - 399"},"PeriodicalIF":1.4,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42762772","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
JWE volume 16 issue 4 Cover and Front matter JWE第16卷第4期封面和封面
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2021-11-01 DOI: 10.1017/jwe.2022.4
{"title":"JWE volume 16 issue 4 Cover and Front matter","authors":"","doi":"10.1017/jwe.2022.4","DOIUrl":"https://doi.org/10.1017/jwe.2022.4","url":null,"abstract":"","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":" ","pages":"f1 - f2"},"PeriodicalIF":1.4,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45712920","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Expensive and Cheap Wine Words Revisited 昂贵和廉价的葡萄酒词汇再谈
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2021-11-01 DOI: 10.1017/jwe.2022.1
Kevin W. Capehart
{"title":"Expensive and Cheap Wine Words Revisited","authors":"Kevin W. Capehart","doi":"10.1017/jwe.2022.1","DOIUrl":"https://doi.org/10.1017/jwe.2022.1","url":null,"abstract":"Abstract Previous work has quantitatively analyzed expert wine descriptions to identify some so-called “expensive” and “cheap” words that are indicative of a wine's price. This paper revisits that work. In particular, I examine whether words previously identified as expensive and cheap ones are still indicative of a wine's price when using the same methods and a different, larger dataset. My findings mostly confirm previous conclusions, although many directions for further research into expensive and cheap wine words remain open. (JEL Classifications: D83, L66)","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"16 1","pages":"411 - 418"},"PeriodicalIF":1.4,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46942088","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
How Many Latours Is Too Many? Measuring Brand Name Congestion in Bordeaux Wine 多少拉脱维亚太多了?波尔多葡萄酒品牌拥挤度的测量
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2021-11-01 DOI: 10.1017/jwe.2021.31
Christopher Buccafusco, J. Masur, Ryan Whalen
{"title":"How Many Latours Is Too Many? Measuring Brand Name Congestion in Bordeaux Wine","authors":"Christopher Buccafusco, J. Masur, Ryan Whalen","doi":"10.1017/jwe.2021.31","DOIUrl":"https://doi.org/10.1017/jwe.2021.31","url":null,"abstract":"Abstract Firms rely on brand names to market goods to consumers, and consumers rely on brand names to locate goods that satisfy their preferences. If multiple firms are using the same or similar names, consumers may be confused about which product to buy, and firms may not obtain the benefits of their investments in quality. Recently, both firms and scholars in a number of industries have expressed concern about brand name congestion—too many firms clustering around too few terms. This paper applies computational linguistic analysis to chateau names in the Bordeaux wine region to study the degree of brand congestion within a mature, traditional, and high-value market. We find that Bordeaux producers have highly similar names to one another, far more than in comparable wine regions such as California and Alsace. More than a quarter of all Bordeaux producers have a name that is identical or nearly so to at least one other producer, and many terms are claimed by dozens of different producers. Interestingly, however, we find that the most famous and renowned producers have names that tend to be more distinctive than their less famous brethren. (JEL Classifications: C88, D83, L66, O34)","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"16 1","pages":"419 - 428"},"PeriodicalIF":1.4,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43192448","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
SUSAN KEEVIL (ed.): In Vino Veritas: A Collection of Fine Wine Writing Past and Present. Académie du Vin Library Ltd., Ascot, Berkshire UK, 2019, 224 pp., ISBN: 978-1-913141-03-5 (hardcover), $45. SUSAN KEEVIL(编辑):《葡萄酒的真实性:过去和现在的美酒写作集》。Académie du Vin Library有限公司,英国伯克郡阿斯科特,2019年,224页,ISBN:978-1-913141-03-5(精装版),45美元。
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2021-08-01 DOI: 10.1017/jwe.2021.30
N. Hulkower
{"title":"SUSAN KEEVIL (ed.): In Vino Veritas: A Collection of Fine Wine Writing Past and Present. Académie du Vin Library Ltd., Ascot, Berkshire UK, 2019, 224 pp., ISBN: 978-1-913141-03-5 (hardcover), $45.","authors":"N. Hulkower","doi":"10.1017/jwe.2021.30","DOIUrl":"https://doi.org/10.1017/jwe.2021.30","url":null,"abstract":"In Vino Veritas assembles 36 pieces, dating from 1833 through 2019 by 34 writers, many of whom are English, including Michael Broadbent, Hugh Johnson, and Steven Spurrier. The latter two, along with Simon McMurtrie, founded the Académie du Vin Library, the publisher of this volume. A brief introduction by Hugh Johnson highlighting the origins of wine writing is followed by 10 chapters, each covering a single theme and each containing 3 to 5 stories covering 2 to 11 pages.","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"16 1","pages":"350 - 353"},"PeriodicalIF":1.4,"publicationDate":"2021-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49550051","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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