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From Flasks to Fine Glasses: Recent Trends in Wine Economics

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  • Anna Carbone

    (Agro-Food and Forest Systems, Università Della Tuscia)

Abstract

This short literature review on wine economics introduces the Special Issue on wine of the Italian Economic Journal. Its goal is to provide non wine experts with an overall picture of recent trends of the wine sector and of major developments of the economic literature devoted to wine markets. As the wine market deeply changed through the last decades, the first section quickly outlines these changes. The second section revise literature on wine demand while the third section is on supply and the fourth is focused on policies.

Suggested Citation

  • Anna Carbone, 2021. "From Flasks to Fine Glasses: Recent Trends in Wine Economics," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 7(2), pages 187-198, July.
    • Handle: RePEc:spr:italej:v:7:y:2021:i:2:d:10.1007_s40797-021-00151-6
    DOI: 10.1007/s40797-021-00151-6
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    3. Anna Carbone & Federica Demaria & Roberto Henke, 2021. "The Sophistication of International Wine Trade: A New Import Measure," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 7(2), pages 199-218, July.
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    7. Nerlove, Marc, 1995. "Hedonic price functions and the measurement of preferences: The case of Swedish wine consumers," European Economic Review, Elsevier, vol. 39(9), pages 1697-1716, December.
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    13. Ponte, Stefano & Ewert, Joachim, 2009. "Corrigendum to "Which Way is ''Up" in Upgrading? Trajectories of Change in the Value Chain for South African Wine" [World Development 37 (2009) 1637-1650]," World Development, Elsevier, vol. 37(12), pages 1964-1964, December.
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    15. Julian M. Alston & Davide Gaeta, 2021. "Reflections on the Political Economy of European Wine Appellations," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 7(2), pages 219-258, July.
    16. Jeremy Galbreath & David Charles & Eddie Oczkowski, 2016. "The Drivers of Climate Change Innovations: Evidence from the Australian Wine Industry," Journal of Business Ethics, Springer, vol. 135(2), pages 217-231, May.
    17. Onur, Ilke & Bruwer, Johan & Lockshin, Larry, 2020. "Reducing information asymmetry in the auctioning of non-perishable experience goods: The case of online wine auctions," Journal of Retailing and Consumer Services, Elsevier, vol. 54(C).
    18. Tim Josling, 2006. "What's in a Name? The economics, law and politics of Geographical Indications for foods and beverages," The Institute for International Integration Studies Discussion Paper Series iiisdp109, IIIS.
    19. Giovanni Anania & Rosanna Nisticò, 2004. "Public Regulation as a Substitute for Trust in Quality Food Markets: What if the Trust Substitute cannot be Fully Trusted?," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 160(4), pages 681-701, December.
    20. Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
    21. Giulia Meloni & Kym Anderson & Koen Deconinck & Johan Swinnen, 2019. "Wine Regulations," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 41(4), pages 620-649, December.
    22. Donato Romano & Benedetto Rocchi & Ahmad Sadiddin & Gianluca Stefani & Raffaella Zucaro & Veronica Manganiello, 2021. "A SAM-Based Analysis of the Economic Impact of Frauds in the Italian Wine Value Chain," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 7(2), pages 297-321, July.
    23. Eugenio Pomarici & Roberta Sardone, 2020. "EU wine policy in the framework of the CAP: post-2020 challenges," Agricultural and Food Economics, Springer;Italian Society of Agricultural Economics (SIDEA), vol. 8(1), pages 1-40, December.
    24. Paola Corsinovi, 2021. "Consumer Taxes on Alcohol: Is the Wine Sector a Niche Within the Alcoholic Beverages?," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 7(2), pages 341-348, July.
    25. Saïdi, Monia & Ay, Jean-Sauveur & Marette, Stéphan & Martin, Christophe, 2020. "Willingness-to-Pay for Reshuffling Geographical Indications," Journal of Wine Economics, Cambridge University Press, vol. 15(1), pages 95-111, February.
    26. Ponte, Stefano & Ewert, Joachim, 2009. "Which Way is "Up" in Upgrading? Trajectories of Change in the Value Chain for South African Wine," World Development, Elsevier, vol. 37(10), pages 1637-1650, October.
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    More about this item

    Keywords

    Wine; Supply; Demand; Policies;
    All these keywords.

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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