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Wine Ratings

Author

Listed:
  • Olivier Gergaud
  • Victor Ginsburgh
  • Juan D. Moreno-Ternero

Abstract

Wine ratings are extremely important for the wine industry but, nowadays, they have flourished to the extent that they complicate wine merchants', stores' and consumers' decisions. There is, thus, an increasing need to compromise among them. This paper explores alternative ways to do so, inspired by contributions in political science, social choice, game theory and operations research. We apply our methods to rank 2018 en- primeur Bordeaux wines, rated by five international experts.

Suggested Citation

  • Olivier Gergaud & Victor Ginsburgh & Juan D. Moreno-Ternero, 2020. "Wine Ratings," Working Papers ECARES 2020-38, ULB -- Universite Libre de Bruxelles.
  • Handle: RePEc:eca:wpaper:2013/312520
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    More about this item

    Keywords

    Wines; Ratings; Global Wine Score; 2018 en-primeur Bordeaux wines; Judgement of Paris;

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • L66 - Industrial Organization - - Industry Studies: Manufacturing - - - Food; Beverages; Cosmetics; Tobacco

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