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JWE volume 18 issue 2 Cover JWE第18卷第2期封面
4区 经济学
Journal of Wine Economics Pub Date : 2023-05-01 DOI: 10.1017/jwe.2023.32
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引用次数: 0
Potential use of weather derivatives in hedging aggregate viticulture yields: An analysis of the Niagara region of Canada 天气衍生品在对冲葡萄栽培总产量中的潜在用途:对加拿大尼亚加拉地区的分析
4区 经济学
Journal of Wine Economics Pub Date : 2023-05-01 DOI: 10.1017/jwe.2023.18
Don Cyr, Joseph Kushner, Mingtian Zhang
{"title":"Potential use of weather derivatives in hedging aggregate viticulture yields: An analysis of the Niagara region of Canada","authors":"Don Cyr, Joseph Kushner, Mingtian Zhang","doi":"10.1017/jwe.2023.18","DOIUrl":"https://doi.org/10.1017/jwe.2023.18","url":null,"abstract":"Abstract Although potentially useful for financially hedging systemic weather-related risks, weather contracts/derivatives (also referred to as parametric insurance) have not seen wide adoption in agriculture outside of applications in developing countries, frequently supported by governments and non-governmental organizations (NGOs). A significant impediment is the lack of financial firms willing to stand ready to sell weather derivatives to individual agricultural producers in the over-the-counter market who, due to the localized nature of weather, face idiosyncratic weather-related risks. In particular, the administrative and reinsurance costs of supplying relatively small contracts with specific terms to many different producers are often prohibitive. The current study considers the potential use of weather derivatives in hedging the aggregate yield/revenues of viticulture producers represented by an industry association located in the province of Ontario, Canada. We examine the sensitivity of aggregate industry yields to several relevant weather-related risks employing copula function analysis. We then consider the potential of a weather derivative in hedging the financial risk associated with cold winter temperatures, which pose the greatest risk to aggregate vinifera yields. The issue of attributing costs and payouts to individual association members remains unresolved, and several alternatives are suggested.","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135564181","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
Jennifer Regan-Lefebvre: Imperial Wine: How the British Empire Made Wine's New World University of California Press, 2022, 323 pp., ISBN 978-0520343689, $34.95. Jennifer Regan-Lefebvre:帝国葡萄酒:大英帝国如何制造葡萄酒的新世界加州大学出版社,2022,323页,ISBN 978-0520343689, 34.95美元。
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2023-03-23 DOI: 10.1017/jwe.2022.54
Paul D. Nugent
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引用次数: 0
Andrew Jefford: Drinking with the Valkyries: Writings on Wine Académie du Vin Library Ltd., UK, 2022, 272 pp., ISBN: 978-1913141325 (hardback), $35. 安德鲁·杰弗德:《与女武神共饮:葡萄酒学院文集》,英国,2022年,272页,ISBN: 978-1913141325(精装本),35美元。
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2023-03-23 DOI: 10.1017/jwe.2022.52
N. Hulkower
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引用次数: 0
Ellen Wallace: Wine Hiking Switzerland: Explore the Landscape of Swiss Wines HELVETIQ Sàrl, Lausanne, Switzerland, 2022, 328 pp., ISBN: 978-3907293867, $24.28. Ellen Wallace:《葡萄酒徒步瑞士:探索瑞士葡萄酒的风景》HELVETIQ Sàrl,瑞士洛桑,2022,328页,ISBN: 978-3907293867, 24.28美元。
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2023-02-27 DOI: 10.1017/jwe.2023.4
Markus Hungerbühler
{"title":"Ellen Wallace: Wine Hiking Switzerland: Explore the Landscape of Swiss Wines HELVETIQ Sàrl, Lausanne, Switzerland, 2022, 328 pp., ISBN: 978-3907293867, $24.28.","authors":"Markus Hungerbühler","doi":"10.1017/jwe.2023.4","DOIUrl":"https://doi.org/10.1017/jwe.2023.4","url":null,"abstract":"","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":" ","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-02-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43591360","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
A maximum entropy estimate of uncertainty about a wine rating: What can be deduced about the shape of a latent distribution from one observation? 葡萄酒评级不确定性的最大熵估计:从一次观察中可以推断出潜在分布的形状?
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2023-02-02 DOI: 10.1017/jwe.2022.55
Jeffrey C. Bodington
{"title":"A maximum entropy estimate of uncertainty about a wine rating: What can be deduced about the shape of a latent distribution from one observation?","authors":"Jeffrey C. Bodington","doi":"10.1017/jwe.2022.55","DOIUrl":"https://doi.org/10.1017/jwe.2022.55","url":null,"abstract":"<p>Much research shows that the ratings that judges assign to the same wine are uncertain. And while the ratings may be independent, research also shows that they are not identically distributed. Thus, an acute difficulty in ratings-related research and in calculating consensus among judges is that each rating is one observation drawn from a latent distribution that is wine- and judge-specific. What can be deduced about the shape of a latent distribution from one observation? A simple maximum entropy estimator is proposed to describe the distribution of a rating observed. The estimator can express the implications of zero, one, a few blind replicates, and many observations. Several tests of the estimator show that results are consistent with the results of experiments with blind replicates and that results are more accurate than results based on observed ratings alone.</p>","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"1 3","pages":""},"PeriodicalIF":1.4,"publicationDate":"2023-02-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138505538","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
Making wine, selling grapes, or delivering to a cooperative? Determinants of grape allocation 酿酒,卖葡萄,还是给合作社送货?葡萄分配的决定因素
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2023-02-01 DOI: 10.1017/jwe.2023.6
A. Corsi, S. Mazzarino, V. Frontuto
{"title":"Making wine, selling grapes, or delivering to a cooperative? Determinants of grape allocation","authors":"A. Corsi, S. Mazzarino, V. Frontuto","doi":"10.1017/jwe.2023.6","DOIUrl":"https://doi.org/10.1017/jwe.2023.6","url":null,"abstract":"Abstract A typical characteristic of the wine supply chain in the Old World is the significant share of cooperatives in wine-making that coexists with investor-owned firms and on-farm wine-makers. This paper analyzes the determinants of whether grape growers deliver their grapes to a cooperative winery of which they are members, sell their grapes to outside wineries, or make their own wine on their farm. Our analysis is based on data from a typical wine-producing area in Northern Italy. The explanatory variables comprise the potential prices linked to the different grape allocations and various farmer and farm characteristics. The high share of farmers delivering their grapes to cooperatives can, to a large extent, be explained by their higher price relative to one of the spot markets. On-farm wine-making is favored by larger farms and more educated farmers.","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"18 1","pages":"15 - 38"},"PeriodicalIF":1.4,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46028531","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
Roman L. Weil (1940–2023) 罗曼·威尔(1940-2023)
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2023-02-01 DOI: 10.1017/jwe.2023.9
K. Storchmann
{"title":"Roman L. Weil (1940–2023)","authors":"K. Storchmann","doi":"10.1017/jwe.2023.9","DOIUrl":"https://doi.org/10.1017/jwe.2023.9","url":null,"abstract":"","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"18 1","pages":"1 - 2"},"PeriodicalIF":1.4,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48798050","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 18 issue 1 Cover JWE第18卷第1期封面
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2023-02-01 DOI: 10.1017/jwe.2023.10
{"title":"JWE volume 18 issue 1 Cover","authors":"","doi":"10.1017/jwe.2023.10","DOIUrl":"https://doi.org/10.1017/jwe.2023.10","url":null,"abstract":"","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"18 1","pages":"f1 - f1"},"PeriodicalIF":1.4,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46755593","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
Graham Harding: Champagne in Britain, 1800–1914: How the British transformed a French luxury Bloomsbury Academic, London & New York, 2022, 295 pp., ISBN 978-1-3502-0286-3, $108.00, Can. $141.75, £81.00. Graham Harding:《英国的香槟,1800–1914:英国人如何改造法国奢侈品布鲁姆斯伯里学院》,伦敦和纽约,2022,295页,ISBN 978-1-3502-0286-3,108.00美元,罐头$141.75,81.00英镑。
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2023-02-01 DOI: 10.1017/jwe.2022.16
R. Schmalensee
{"title":"Graham Harding: Champagne in Britain, 1800–1914: How the British transformed a French luxury Bloomsbury Academic, London & New York, 2022, 295 pp., ISBN 978-1-3502-0286-3, $108.00, Can. $141.75, £81.00.","authors":"R. Schmalensee","doi":"10.1017/jwe.2022.16","DOIUrl":"https://doi.org/10.1017/jwe.2022.16","url":null,"abstract":"","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"18 1","pages":"93 - 96"},"PeriodicalIF":1.4,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46637590","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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