World Scientific Reference on Handbook of the Economics o...
Ashenfelter, Orley / Gergaud, Olivier / Storchmann, Karl / Ziemba, William T Over the last three decades, wine economics has emerged as a growing field within agricultural economics, but also in other fields such as finance, trade, growth, environmental economics and industrial organization. Wine has a few characteristics that differentiate it from other agricultural commodities, rendering it an interesting topic for economists in general. Fine wine can regularly fetch bottle prices that exceed several thousand dollars...