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European Association of Wine Economists​

Bordeaux 2020 : quelle posologie économique pour le millésime du vaccin ?

Une communication de Philippe Masset et Jean-Philippe Weisskopf

Cet article vise précisément à analyser l’état actuel du marché, estimer les prix de sortie raisonnables des divers vins en employant le modèle de Masset & Weisskopf (2021), et identifier quelques vins qui méritent une attention particulière.

 

This article aims precisely to analyse the current state of the market, estimate reasonable release prices for various wines using the Masset & Weisskopf (2021) model, and identify a few wines that deserve special attention. 

EuAWE Research Seminar Series

April 13th 2021  |  9:00 AM – 10:00 AM CET

 

Microsoft Teams meeting: Click here to join the meeting

 

Edward Oczkowski

(Charles Sturt University)

 

Will present the following paper:

 

“Estimating supply functions for wine attributes: a two-stage hedonic approach”

 

Link to paper

 

Abstract: A vast body of literature exists on estimating hedonic price functions which relate the price of wine to its attributes. Some studies have employed producer specific variables such as quantity sold and producer reputation in hedonic functions to potentially capture supply influences on prices. This paper recognizes that the original Rosen (1974) hedonic theoretic framework excludes producer specific variables from the hedonic price function and justifies their inclusion only for second-stage attribute supply estimation. We use the two-stage Rosen approach employing data from multi-markets for the same wines to identify supply functions. The application to Australian produced wines demonstrates the importance of a wine’s quality and age as attributes in inverse supply functions. Counter to expectations a direct relation between producer size and marginal attribute costs is estimated which appears to be due to the method employed rather than the peculiarities of the data.

 

Discussant: Günter Schamel (Free University of Bozen-Bolzano, guenter.schamel@unibz.it)

 

Contact: Jean-Marie Cardebat (Bordeaux University, jean-marie.cardebat@u-bordeaux.fr)

 

Organization: there will be 30 minutes of presentation followed by 20 minutes of discussion and Q&A. Participants can ask questions during or at the end of the talk. Please use Teams “raise hand” feature to indicate that you would like to ask a question.

 

About

EuAWE is an academic association of researchers in the field of Wine Economics founded in 2020

It follows the VDQS, also known as EuAWE which organised the first conference of Wine Economists in 1991 in Porrentruy, Switzerland.

EuAWE aims to develop knowledge in the field of Wine Economics

Creating links and meetings between researchers,  promoting exchanges between the world of research and professionals in the sector.

EuAWE has a mission to disseminate academic knowledge

Organisation of various events open to the public and workshops open to professionals. EuAWE is part of a collaborative approach with all the other organisations following the same objectives of promoting knowledge in Wine Economics.

EuAWE is supported by many institutional partners and companies in the sector

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About us

EuAWE is a European association, governed by French law. It is located in Bordeaux, in the premises of the ISVV (Institut des Sciences de la Vigne et du Vin). It was created in 2019.

Address: 210 chemin de Leysotte, 33140 Villenave d’Ornon, FRANCE

 

Our missions

  • Promote knowledge in Wine Economics
  • Strengthen relationships among wine economists
  • Encourage collaboration between researchers and the wine industry
  • Develop links and synergies with other research networks