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Buffer stocks, wine quality, and wine cooperatives in Franco’s Spain and beyond

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  • Samuel Garrido

    (Department of Economics, Universitat Jaume I, Castellón, Spain)

Abstract

Cooperative wineries are one of the cornerstones of the wine industry in Europe today. To understand how they reached this condition, I use the case of Spain and pay special attention to the period in which they took off in the country, namely, during the Franco dictatorship (1939-1975). Wine economists often believe that cooperatives produce mediocre wines because they cannot avoid the opportunistic behavior of their members. I argue that they can and that the poor quality of their wine in some regions was the result of the perverse stimuli provided by a badly designed wine market regulation policy.

Suggested Citation

  • Samuel Garrido, 2022. "Buffer stocks, wine quality, and wine cooperatives in Franco’s Spain and beyond," Working Papers 2022/11, Economics Department, Universitat Jaume I, Castellón (Spain).
    • Handle: RePEc:jau:wpaper:2022/11
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    References listed on IDEAS

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    More about this item

    Keywords

    wine; cooperative wineries; market regulation; Franco’s Spain; European Union;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco
    • N34 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Europe: 1913-
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness

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