Wine Economics

1. Introduction and Overview
Eric Giraud-Héraud, Marie-Claude Pichery

Part I. Alcohol Consumption and Welfare

2. Life Satisfaction and Alcohol Consumption: An Empirical Analysis of Self-Reported Life Satisfaction and Alcohol Consumption in OECD Countries
Jan Bentzen, Valdemar Smith

3. Alcohol Demand, Externalities and Welfare-Maximising Alcohol Taxes
James J. Fogarty

4. The Demand for (Non)Alcoholic Beverages in France and the Impact of Advertising
Ruben Hoffmann, Yves Surry

Part II. Consumer Behaviour and Prices

5. The Economic Value of Wine Names That Reference Place in the US Market: Analysis of ‘Champagne’ and Sparkling Wine
Hyunok Lee, Daniel A. Sumner

6. The Price of Wine: Does the Bottle Size Matter?
Jean-François Outreville

7. Wine Judging and Tasting
Matteo M. Galizzi

8. Willingness to Pay for Appellation of Origin: Results of an Experiment with Pinot Noir Wines in France and Germany
Pascale Bazoche, Pierre Combris, Eric Giraud-Héraud, Jean-Baptiste Traversac

Part III. Wine Ranking and Financial Issues

9. How Best to Rank Wines: Majority Judgment
Michel Balinski, Rida Laraki

10. Wine as an Alternative Asset Class
Philippe Masset, Jean-Philippe Weisskopf

11. Financial Reaction to the Business Cycle in Periods of Difficulties: The Case of French Wine Companies
Paul Amadieu, Jean-Pierre Couderc, Jean-Laurent Viviani

Part IV. Intermediary Markets and Strategic Decisions

12. The Technical Efficiency of Wine Grape Growers in the Murray-Darling Basin in Australia
Tim Coelli, Orion Sanders

13. Product Assortment and the Efficiency of Farms
Gordana Manevska-Tasevska

14. Determinants of Wine-Bottling Strategic Decisions: Empirical Evidence from the Italian Wine Industry
Giulio Malorgio, Cristina Grazia, Francesco Caracciolo, Carla Rosa

15. Export Intentions of Wineries
Isabel Bardají, Belén Iráizoz, Julio Estavillo

Part V. New Topics

16. Wine Tourism and On-Site Wine Sales
Françoise Bensa, Marie-Claude Pichery

17. The High and Rising Alcohol Content of Wine
Julian M. Alston, Kate B. Fuller, James T. Lapsley, George Soleas, Kabir P. Tumber

Nyckelord: Economics, Economic Theory/Quantitative Economics/Mathematical Methods, Industrial Organization, Macroeconomics/Monetary Economics//Financial Economics, Behavioral/Experimental Economics, Microeconomics, Econometrics