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The emergence of lower-alcohol beverages: The case of beer 低酒精饮料的出现:以啤酒为例
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2023-02-01 DOI: 10.1017/jwe.2023.8
K. Anderson
{"title":"The emergence of lower-alcohol beverages: The case of beer","authors":"K. Anderson","doi":"10.1017/jwe.2023.8","DOIUrl":"https://doi.org/10.1017/jwe.2023.8","url":null,"abstract":"Abstract Another quiet revolution is taking place in the alcoholic beverage markets: a trend toward lower-alcohol and even no-alcohol beverages, especially in the world's higher-income countries. This new trend adds to the long-term consumer trend in affluent countries of substituting quality for quantity in many of their purchases (premiumization), which, in the case of alcoholic beverages, has been driven largely by a desire for a healthier lifestyle. More-affluent consumers also desire a greater variety than is typically available from large producers of regular products, which has led to a craft beverage revolution. Both desires—for lower-alcohol beverages and a greater variety of quality offerings—are driving this so-called low- or no-alcohol revolution. The trend is just beginning to show up in wine (and spirits) markets, but it began developing much earlier in beer markets. The purpose of this paper is to explore the extent of the latter and the consumer forces behind it. Since Australian brewers are leading the way globally in building various Lo-No beer categories, and thereby contributing substantially to lowering that nation's alcohol consumption, its trends are highlighted and compared with global trends. The paper concludes by drawing out lessons and prospects for lower-alcohol beer and wine.","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"18 1","pages":"66 - 86"},"PeriodicalIF":1.4,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45262272","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
Efficient pricing of Bordeaux en primeur wines 波尔多顶级葡萄酒的高效定价
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2023-02-01 DOI: 10.1017/jwe.2023.5
Philippe Masset, Jean-Philippe Weiskopf, Jean‐Marie Cardebat
{"title":"Efficient pricing of Bordeaux en primeur wines","authors":"Philippe Masset, Jean-Philippe Weiskopf, Jean‐Marie Cardebat","doi":"10.1017/jwe.2023.5","DOIUrl":"https://doi.org/10.1017/jwe.2023.5","url":null,"abstract":"Abstract This paper proposes an approach to determine efficient release prices on the Bordeaux en primeur (primary) market. The model exploits information from the secondary market to estimate efficient release prices. We apply the model to a representative sample of wines from the 2021 vintage. The results show that most chateaux released their wines at prices that were too high. The median overpricing is 5.2% but exceeds 30% for some wines. This situation may be partially attributed to excessively uniform pricing caused by the tendency of chateaux with similar status to release their wines at similar price levels.","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"18 1","pages":"39 - 65"},"PeriodicalIF":1.4,"publicationDate":"2023-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43211413","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
The economics of saignée in winemaking 葡萄酒业中的经济效益
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2023-01-17 DOI: 10.1017/jwe.2022.47
C. Costello, O. Deschenes, C. Kolstad, A. Plantinga, Tyler Thomas
{"title":"The economics of saignée in winemaking","authors":"C. Costello, O. Deschenes, C. Kolstad, A. Plantinga, Tyler Thomas","doi":"10.1017/jwe.2022.47","DOIUrl":"https://doi.org/10.1017/jwe.2022.47","url":null,"abstract":"Abstract The winemaking technique of saignée is common for some varietals, and the ensuing flavor profiles have been carefully analyzed by oenologists. However, we argue that saignée is fundamentally about economic tradeoffs between the quantity of primary wine that is ultimately produced, the quality (and thus, price) of that wine, and the amount of rosé wine that is bled off in the process. We develop the first theoretically-grounded economic model of saignée and analyze the model to shed light on the winemaker's optimal choice of saignée, and on the properties of wine and wine markets that should empirically give rise to more, or less, saignée. The model helps to explain several real-world regularities such as the absence of saignée for most Bordeaux wines, the specialization in rosé for many wines in Provence, and the practice of moderate amounts of saignée for varietals such as grenache and pinot noir.","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"18 1","pages":"3 - 14"},"PeriodicalIF":1.4,"publicationDate":"2023-01-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48542854","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
Richard Mayson: The Wines of Portugal Infinite Ideas, Oxford, UK, 2020, 368 pp., ISBN: 978-1999619312, $39.95. 理查德·梅森:《葡萄牙的葡萄酒:无限的想法》，牛津，英国，2020,368页，ISBN: 978-1999619312, 39.95美元。
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2022-11-08 DOI: 10.1017/jwe.2022.44
M. Heil
{"title":"Richard Mayson: The Wines of Portugal Infinite Ideas, Oxford, UK, 2020, 368 pp., ISBN: 978-1999619312, $39.95.","authors":"M. Heil","doi":"10.1017/jwe.2022.44","DOIUrl":"https://doi.org/10.1017/jwe.2022.44","url":null,"abstract":"","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"13 1","pages":""},"PeriodicalIF":1.4,"publicationDate":"2022-11-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"56988483","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
Estimation of alcohol demand elasticity: Consumption of wine, beer, and spirits at home and away from home 酒精需求弹性估计：国内外葡萄酒、啤酒和烈酒的消费
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2022-11-01 DOI: 10.1017/jwe.2022.42
Tereza Čiderová, Milan Ščasný
{"title":"Estimation of alcohol demand elasticity: Consumption of wine, beer, and spirits at home and away from home","authors":"Tereza Čiderová, Milan Ščasný","doi":"10.1017/jwe.2022.42","DOIUrl":"https://doi.org/10.1017/jwe.2022.42","url":null,"abstract":"Abstract Most of the previous research examined the demand for alcohol consumed at the off-trade (consumed at home). However, some consumers might prefer to consume alcohol on-trade (away from home) or switch between on-trade and off-trade consumption as a reaction to price or income change. We estimate the Quadratic Almost Ideal Demand System consisting of three broad alcohol categories, consumed on-trade and off-trade, to derive own-price, cross-price, and income elasticities. Selectivity due to the high censoring is treated, and special attention is paid to quality-adjusted price. Beer consumption is the most responsive to income as well as own price changes, while spirits are the least responsive. The own-price elasticity of wine is –0.66 and –1.00 at on-trade and off-trade, respectively. Beer is more price responsive, spirits are less price responsive, and consumption reacts weaker in the off-trade market. Own-price elasticities of demand range between –1.20 and –0.41 at the off-trade and between –1.51 and –0.63 at the on-trade alcohol market. Increasing the price of wine in one market decreases wine consumption in another one. Between the two markets, wine and spirits are complementary, and wine and beer are substitutes in both markets.","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"17 1","pages":"329 - 337"},"PeriodicalIF":1.4,"publicationDate":"2022-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49481976","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 17 issue 4 Cover and Front matter JWE第17卷第4期封面和封面问题
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2022-11-01 DOI: 10.1017/jwe.2023.2
{"title":"JWE volume 17 issue 4 Cover and Front matter","authors":"","doi":"10.1017/jwe.2023.2","DOIUrl":"https://doi.org/10.1017/jwe.2023.2","url":null,"abstract":"","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":" ","pages":"f1 - f2"},"PeriodicalIF":1.4,"publicationDate":"2022-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45347223","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
Judging reliability at wine and water competitions 在葡萄酒和水的比赛中判断可靠性
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2022-11-01 DOI: 10.1017/jwe.2022.41
E. Berg, M. Mascha, Kevin W. Capehart
{"title":"Judging reliability at wine and water competitions","authors":"E. Berg, M. Mascha, Kevin W. Capehart","doi":"10.1017/jwe.2022.41","DOIUrl":"https://doi.org/10.1017/jwe.2022.41","url":null,"abstract":"Abstract Studies suggest the inter-rater reliability of judges at wine competitions is higher than what would be expected by random chance, but lower than what is observed when experts in other fields make judgments specific to their expertise. To further contextualize the (un-) reliability of wine judging while also extending the study of fine water, we examine the inter-rater reliability of judges at an annual international competition for bottled waters. We find that the inter-rater reliability of water judging is generally better than chance and, at best, about the same as the inter-rater reliability of wine judging at some wine competitions. These results suggest that perceptible differences between fine waters exist but are less pronounced than those between fine wines and, also, that aesthetic standards with respect to fine waters exist but are currently less established than those for fine wines.","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"17 1","pages":"311 - 328"},"PeriodicalIF":1.4,"publicationDate":"2022-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44569699","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: 1
Stochastic error and biases remain in blind wine ratings 葡萄酒盲评中仍然存在随机误差和偏差
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2022-11-01 DOI: 10.1017/jwe.2022.53
J. Bodington
{"title":"Stochastic error and biases remain in blind wine ratings","authors":"J. Bodington","doi":"10.1017/jwe.2022.53","DOIUrl":"https://doi.org/10.1017/jwe.2022.53","url":null,"abstract":"Abstract Analyses and aggregations of the ratings that wine critics and judges assign to wines are made difficult by stochastic error and biases that remain even when wines are assessed blind to price, label, capsule, and closure. Stochastic error is due to the partially random nature of ratings. Cognitive and omitted-variable biases are due to anchoring, expectation, serial position, commercial, and other factors. Differences in decanting, filtering, aeration, and temperature can also affect ratings.","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"17 1","pages":"345 - 351"},"PeriodicalIF":1.4,"publicationDate":"2022-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47286995","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: 1
Explaining bilateral patterns of global wine trade, 1962–2019 1962-2019年全球葡萄酒贸易双边模式的解释
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2022-11-01 DOI: 10.1017/jwe.2022.43
G. Puga, A. Sharafeyeva, K. Anderson
{"title":"Explaining bilateral patterns of global wine trade, 1962–2019","authors":"G. Puga, A. Sharafeyeva, K. Anderson","doi":"10.1017/jwe.2022.43","DOIUrl":"https://doi.org/10.1017/jwe.2022.43","url":null,"abstract":"Abstract This study uses gravity models to explain bilateral patterns of global wine trade since 1962. This is, to our knowledge, the first study on global wine trade covering the second wave of globalization as a whole. The results suggest that the impact of distance, common language, and common colonizer post-1945 on wine trade was lower in the 1991–2019 period than in the 1962–1990 period. We also use gravity models to explain the impact on bilateral wine trade patterns of similarities across countries in the mix of winegrape varieties in their vineyards. Although our models do not allow us to identify causality, the results suggest that countries trade more wine with each other the closer their mix of winegrape varieties.","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"17 1","pages":"338 - 344"},"PeriodicalIF":1.4,"publicationDate":"2022-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43905302","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
The impact of direct to consumer shipping laws on the number and size distribution of U.S. wineries 直接面向消费者的运输法对美国葡萄酒厂数量和规模分布的影响
IF 1.4 4区 经济学
Journal of Wine Economics Pub Date : 2022-11-01 DOI: 10.1017/jwe.2022.49
Matthew T. Pesavento
{"title":"The impact of direct to consumer shipping laws on the number and size distribution of U.S. wineries","authors":"Matthew T. Pesavento","doi":"10.1017/jwe.2022.49","DOIUrl":"https://doi.org/10.1017/jwe.2022.49","url":null,"abstract":"Abstract The changing legislative landscape of the U.S. wine market provides a scenario to examine the effect of regulation on the size distribution of firms. Using the variation across states and time in the sum of in-state and out-of-state adult populations between 2002–2017, and a difference in difference-style empirical model, I examine how restrictions on Direct to Consumer (DTC) sales impact the number of establishments and the employment at wineries. I find that the expansion of the potential wine market by 10 M adults caused about a 3.5% increase in the number of wineries. While reduced DTC restrictions explain growth in the number of wineries, I find no effect of lessened restrictions on the number of winery employees, though there is evidence of a lagged effect. Additionally, I find that the growth of smaller wineries substantially outpaces that of larger wineries when regulations are lessened. These results suggest that regulatory barriers in particular industries may allow states to maintain an artificial size distribution.","PeriodicalId":56146,"journal":{"name":"Journal of Wine Economics","volume":"17 1","pages":"270 - 295"},"PeriodicalIF":1.4,"publicationDate":"2022-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49379863","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
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