![]() ![]() A historical analysis of the Bordeaux and Champagne geographical indications," Catherine Haeck & Giulia Meloni & Jo Swinnen, 2018." The Value of Terroir: A Historical Analysis of the Bordeaux and Champagne Geographical Indications,"Īpplied Economic Perspectives and Policy, John Wiley & Sons, vol. Catherine Haeck & Giulia Meloni & Johan Swinnen, 2019." Dynamics of fine wine and asset prices: evidence from short- and long-run co-movements,"Īpplied Economics, Taylor & Francis Journals, vol. " The Value of Consistency: Portfolio Labeling Strategies and Impact on Winery Brand Equity," " A Bad Year? Climate Variability and the Wine Industry in Chile,"Ģ019_37, University of São Paulo (FEA-USP). Haddad & Patricio Aroca, Pilar Jano, Ademir Rocha, Bruno Pimenta, 2019. International Review of Economics & Finance, Elsevier, vol. " Volatility spillovers between fine wine and major global markets during COVID-19: A portfolio hedging strategy for investors," Samitas, Aristeidis & Papathanasiou, Spyros & Koutsokostas, Drosos & Kampouris, Elias, 2022." The 3Ps (Profit, Planet, and People) of Sustainability amidst Climate Change: A South African Grape and Wine Perspective," Omamuyovwi Gbejewoh & Saskia Keesstra & Erna Blancquaert, 2021." Fine Wines in a Diversified Portfolio of Collectibles,"Ģ021 Conference, August 17-31, 2021, Virtualģ15852, International Association of Agricultural Economists. " The Hedonic Approach to Vineyard Site Selection: Adaptation to Climate Change and Grape Growing in Emerging Markets,"ġ0777, Institute of Labor Economics (IZA). 3(2), pages 105-113, January.įull references (including those not matched with items on IDEAS) Journal of Wine Economics, Cambridge University Press, vol. " An Examination of Judge Reliability at a major U.S. " The Demand for Expert Opinion: Bordeaux Wine," Ashenfelter, Orley & Jones, Gregory V., 2013. ![]() The Economic Record, The Economic Society of Australia, vol. " Predicting the Quality of an Unborn Grange," " Prices of American Pinot Noir wines: climate, craftsmanship, critics,"Īgricultural Economics, International Association of Agricultural Economists, vol. " Does Advertising Bias Product Reviews? An Analysis of Wine Ratings," " Predicting Italian Wine Quality from Weather Data and Expert Ratings," Corsi, Alessandro & Ashenfelter, Orley, 2019." Earlier wine-grape ripening driven by climatic warming and drying and management practices," " The Impact of Climate Change on Viticulture and Wine Quality," van Leeuwen, Cornelis & Darriet, Philippe, 2016." What Determines the Future Value of an Icon Wine? New Evidence from Australia," We conclude that there is great potential in using vintage data constructed from expert-rating data for individual wines for climate change research. However, when we “collapse” the data by region, variety and year, essentially constructing vintage scores from our product-level data, we find that all results are consistent with expectation and plausible and 53% are statistically significant despite the sample size after collapsing becoming very small. We find mixed results – only 56% of our results are consistent with expectation and give a plausible optimal temperature and 27% are also significant. We look for a positive, concave relationship between the expert score and the growing season temperature that gives an optimal temperature value that is plausible given research from other countries. We examine two to three regression models for each of the seven most prominent varieties in New Zealand, each with 8-12 treatments. This paper provides new evidence on the validity of using product-level expert winescoring data as a proxy for wine quality in climate change research, using nearly 15,000 Bob Campbell ratings of New Zealand wines from 2002 to 2016.
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