Journal of Wine Economics Volume 17 Issue 2

Journal Article

Proposed alcohol tax reform in the United Kingdom: Implications for wine-exporting countries

Anderson, Kym; Wittwer, Glyn

2022 Journal of Wine Economics

doi:10.1017/jwe.2022.19

Abstract A proposal to reform the United Kingdom's excise duty on alcohol is under consideration during 2022. The proposal would change the tax base from volume of product to volume of alcohol, which would see a fall in the tax on sparkling wine (by about one-fifth), a rise in the tax on...

LitStream

Journal Article

How sample bias affects the assessment of wine investment returns

Breeden, Joseph L.

2022 Journal of Wine Economics

doi:10.1017/jwe.2022.20

Abstract Wine investment returns can come from overall market trends or price increases with age. Because of the short wine price histories available, market and maturation effects are difficult to separate. Consequently, researchers often obtain dramatically different estimates of investment...

Open Access

Journal Article

Does quality pay off? “Superstar” wines and the uncertain price premium across quality grades

Castriota, Stefano; Corsi, Stefano; Frumento, Paolo; Ruggeri, Giordano

2022 Journal of Wine Economics

doi:10.1017/jwe.2022.21

Abstract We use data from Wine Spectator on 266,301 bottles from 12 countries sold in the United States to investigate the link between the score awarded by the guide and the price charged. The link between quality and price is positive, in line with the literature. In a deeper inspection,...

Open Access

Journal Article

Tracking the wines of the Judgment of Paris over time: The case of Stag's Leap Wine Cellars’ Cabernet Sauvignon

Gergaud, Olivier; Ginsburgh, Victor; Moreno-Ternero, Juan D.

2022 Journal of Wine Economics

doi:10.1017/jwe.2022.22

Abstract The outcome of the famous 1976 Judgment of Paris, a blind wine tasting of ten wines by nine French judges, brought American wines to the forefront of the wine business. A Californian wine, the 1973 Stag's Leap Wine Cellars S.L.V. Cabernet Sauvignon, was declared the winner, surpassing...

LitStream

Journal Article

Book Review: Red & White: An Unquenchable Thirst for Wine

Plantinga, Andrew J.

2022 Journal of Wine Economics

doi:10.1017/jwe.2022.15

LitStream

Journal Article

Book Review: Big Macs & Burgundy: Wine Pairings for the Real World

Schmalensee, Richard L.

2022 Journal of Wine Economics

doi:10.1017/jwe.2022.17