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Isolating the Symbolic Implications of Employee Mobility: Price Increases after Hiring Winemakers from Prominent Wineries


  • Peter W. Roberts
  • Mukti Khaire
  • Christopher I. Rider


Because wines are aged for several years before they are released, newly hired winemakers arrive as wines made by their predecessors enter the market. An analysis of winemaker hiring events reveals that wines released right after a new winemaker's arrival from a prominent competitor are priced significantly higher than corresponding wines released in the preceding year. However, the wines released before and after the hiring event are indistinguishable in terms of quality. These findings isolate a "purely symbolic" effect of employee mobility, which affirm sociological accounts of markets--under conditions of uncertainty, inter-organizational affiliations condition producers' returns to quality demonstrations.

Suggested Citation

  • Peter W. Roberts & Mukti Khaire & Christopher I. Rider, 2011. "Isolating the Symbolic Implications of Employee Mobility: Price Increases after Hiring Winemakers from Prominent Wineries," American Economic Review, American Economic Association, vol. 101(3), pages 147-151, May.
  • Handle: RePEc:aea:aecrev:v:101:y:2011:i:3:p:147-51

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    References listed on IDEAS

    1. Orley Ashenfelter & Karl Storchmann, 2010. "Using Hedonic Models of Solar Radiation and Weather to Assess the Economic Effect of Climate Change: The Case of Mosel Valley Vineyards," The Review of Economics and Statistics, MIT Press, vol. 92(2), pages 333-349, May.
    2. Gergaud, Olivier & Ginsburgh, Victor, 2010. "Natural Endowments, Production Technologies and the Quality of Wines in Bordeaux. Does Terroir Matter?," Journal of Wine Economics, Cambridge University Press, vol. 5(01), pages 3-21, March.
    3. Goldstein, Robin & Almenberg, Johan & Dreber, Anna & Emerson, John W. & Herschkowitsch, Alexis & Katz, Jacob, 2008. "Do More Expensive Wines Taste Better? Evidence from a Large Sample of Blind Tastings," Journal of Wine Economics, Cambridge University Press, vol. 3(01), pages 1-9, March.
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    Cited by:

    1. Croidieu, Grégoire & Rüling, Charles-Clemens & Boutinot, Amélie, 2016. "How do creative genres emerge? The case of the Australian wine industry," Journal of Business Research, Elsevier, vol. 69(7), pages 2334-2342.

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