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The Fruit of Regulation: Wine, Regulations, Subsidies, Quality and Cooperatives in Franco's Spain and Beyond

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  • Samuel Garrido

    (Universitat Jaume I, Departamento de Economia, España)

Abstract

Cooperative wineries are one of the cornerstones of the wine industry in Europe today. To explain 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, the Franco dictatorship (1939-1975). Wine economists often believe that cooperatives produce mediocre wines because they cannot avoid the opportunistic behaviour of their members. I argue that they can prevent it and that the poor quality of their wine in some provinces was the result of the perverse stimuli provided by a badly designed market regulation policy.

Suggested Citation

  • Samuel Garrido, 2022. "The Fruit of Regulation: Wine, Regulations, Subsidies, Quality and Cooperatives in Franco's Spain and Beyond," Documentos de Trabajo (DT-AEHE) 2204, Asociación Española de Historia Económica.
    • Handle: RePEc:ahe:dtaehe:2204
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    References listed on IDEAS

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    More about this item

    Keywords

    wine; cooperative wineries; market regulation; buffer stocks; 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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