Climate, Grapevine Phenology, Wine Production, and Prices: Pauillac (1800-2009)
AbstractThis paper analyzes 19th and 20th century data from a well-known chateau in Bordeaux. The dataset includes information on weather conditions, starting dates of three phenological stages of grapevine, prices, and yields. We discuss how these variables have evolved over the last two centuries. We also study to what extent the impact of climate on yields and prices has changed over time. Our regression analysis suggests that the effect of temperature on yields has become weaker since the 19th century. The influence on prices has, on the contrary, become stronger.
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Bibliographic InfoArticle provided by American Economic Association in its journal American Economic Review.
Volume (Year): 101 (2011)
Issue (Month): 3 (May)
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- Orley Ashenfelter, 2008.
"Predicting the Quality and Prices of Bordeaux Wine,"
Royal Economic Society, vol. 118(529), pages F174-F184, 06.
- Ashenfelter, Orley, 2007. "Predicting the quality and prices of Bordeaux wines," Working Papers 37297, American Association of Wine Economists.
- Jones, Gregory V. & Storchmann, Karl-Heinz, 2001. "Wine market prices and investment under uncertainty: an econometric model for Bordeaux Crus Classes," Agricultural Economics, Blackwell, vol. 26(2), pages 115-133, November.
- Morgan Kelly & Cormac Ó Gráda, 2012. "The Waning of the Little Ice Age," Working Papers 201211, School Of Economics, University College Dublin.
- Galbiati, Roberto & Caroli, Eve & Bignon, Vincent, 2011.
"Stealing to Survive : Crime and Income Shocks in 19th Century France,"
Economics Papers from University Paris Dauphine
123456789/7249, Paris Dauphine University.
- Vincent Bignon & Eve Caroli & Roberto Galbiati, 2011. "Stealing to Survive: Crime and Income Shocks in 19th Century France," PSE Working Papers halshs-00623804, HAL.
- Bignon, Vincent & Caroli, Eve & Galbiati, Roberto, 2011. "Stealing to Survive: Crime and Income Shocks in 19th Century France," CEPREMAP Working Papers (Docweb) 1111, CEPREMAP, revised Feb 2013.
- Vincent Bignon & Eve Caroli & Roberto Galbiati, 2011. "Stealing to Survive: Crime and Income Shocks in 19th Century France," Working Papers halshs-00623804, HAL.
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