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Natural endowments, production technologies, and the quality of wines in Bordeaux. Is it possible to produce wine on paved roads?

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  • Gergaud, Olivier
  • Ginsburgh, Victor

Abstract

We study whether quality assessments made by wine experts and by consumers (based on prices obtained at auction between 1980 and 1992), can be explained by variables describing endowments (land characteristics, exposures of vineyards) and technologies (from grape varieties and picking, to bottled wines). However, since technological choices are likely to depend on endowments, the effects can only be identified using an instrumental variables approach. We show that technological choices affect quality much more than natural endowments, the effect of which is negligible.

Suggested Citation

  • Gergaud, Olivier & Ginsburgh, Victor, 2007. "Natural endowments, production technologies, and the quality of wines in Bordeaux. Is it possible to produce wine on paved roads?," Working Papers 37294, American Association of Wine Economists.
    • Handle: RePEc:ags:aawewp:37294
    DOI: 10.22004/ag.econ.37294
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    File URL: https://ageconsearch.umn.edu/record/37294/files/AAWE_WP02.pdf
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    References listed on IDEAS

    as
    1. Joshua D. Angrist & Alan B. Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 69-85, Fall.
    2. Ginsburgh, Victor & Monzak, Muriel & Monzak, Andras, 2013. "Red Wines of Médoc: What is Wine Tasting Worth?," Journal of Wine Economics, Cambridge University Press, vol. 8(2), pages 159-188, November.
    3. Joshua Angrist & Alan Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," Working Papers 834, Princeton University, Department of Economics, Industrial Relations Section..
    4. repec:fth:prinin:455 is not listed on IDEAS
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    Cited by:

    1. Victor Ginsburgh & Olivier Gergaud, 2005. "La qualité des vins de Brodeaux se résume-t-elle uniquement à celle de son terroir?," ULB Institutional Repository 2013/5273, ULB -- Universite Libre de Bruxelles.

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