Introductory Offer Valid till July 31, 2018
World Scientific Handbook in Financial Economics Series - Volume 6
HANDBOOK OF THE ECONOMICS OF WINE (In 2 Volumes) Volume 1: Prices, Finance, and Expert Opinion Volume 2: Reputation, Regulation, and Market Organization Editors Orley Ashenfelter (Princeton) Olivier Gergaud (KEDGE Business School, France) Karl Storchmann (New York University, USA) William Ziemba (UBC & London School of Economics, UK)
Over the last three decades, wine economics has
to fluctuations in the weather of the year in which
emerged as a growing field within agricultural
the grapes were grown. And wine is an experience
economics, but also in other fields such as finance,
good, i.e., its quality cannot be ascertained before
trade, growth, environmental economics and industrial
consumption. As a result, consumers often rely on
organization. Wine has a few characteristics that
“expert opinion” regarding quality and maturation
differentiate it from other agricultural commodities,
prospects. This handbook takes a broad approach
rendering it an interesting topic for economists in
and familiarizes the reader with the main research
general. Fine wine can regularly fetch bottle prices
strands in wine economics.
that exceed several thousand dollars. It can be stored a long time and may increase in value with age. Fine
Readership: Graduate students and specialists in
wine quality and prices are extraordinarily sensitive
the field of wine economics.
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