Download or read book Economic Situation and Market Organization in California Grape Industries written by George Louis Mehren and published by . This book was released on 1950 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Situation and Market Organization in California Grape Industries No 107 written by George L Shear S W Mehren and published by Hassell Street Press. This book was released on 2021-09-09 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important and is part of the knowledge base of civilization as we know it. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. To ensure a quality reading experience, this work has been proofread and republished using a format that seamlessly blends the original graphical elements with text in an easy-to-read typeface. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Download or read book The California Grape Industries written by Kenneth R. Farrell and published by . This book was released on 1966 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Statistics Relating to the California Grape Industry written by United States. Department of Agriculture Division of Marketing and Marketing Agreements and published by . This book was released on 1939 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Marketing California Grapes written by and published by . This book was released on 1928 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The California Vineyard Industry written by California Vineyardists Association and published by . This book was released on 1932 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Grape Market Situation written by United States. Bureau of Agricultural Economics and published by . This book was released on 1927 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Handbook Of The Economics Of Wine In 2 Volumes written by Gergaud Olivier and published by World Scientific. This book was released on 2018-03-21 with total page 1048 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. It can be stored a long time and may increase in value with age. Fine wine quality and prices are extraordinarily sensitive to fluctuations in the weather of the year in which the grapes were grown. And wine is an experience good, i.e., its quality cannot be ascertained before consumption. As a result, consumers often rely on 'expert opinion' regarding quality and maturation prospects.This handbook takes a broad approach and familiarizes the reader with the main research strands in wine economics.After a general introduction to wine economics by Karl Storchmann, Volume 1 focuses on the core areas of wine economics. The first papers shed light on the relevance of the vineyard's natural environment for wine quality and prices. 'Predicting the Quality and Prices of Bordeaux Wine' by Orley Ashenfelter is a classic paper and may be the first wine economics publication ever. Ashenfelter shows how weather influences the quality and the price of Bordeaux Grands Crus wine. Since the weather condition of the year when the grapes were grown is known, an econometric analysis may be constructed. It turns out this model outperforms expert opinion, i.e., critical vintage scores. At best, expert opinion reflects public information. The subsequent papers, by Ashenfelter and Storchmann, Gergaud and Ginsburgh, and Cross, Plantinga and Stavins, tackle the terroir question. That is, they examine the relevance of a vineyard's physical characteristics for wine quality and prices, but from various dimensions and with different results. Next, Alston et al. analyze a question of great concern in the California wine industry: the causes and consequences of the rising alcohol content in California wine. Is climate change the culprit?The next chapter presents three papers that apply hedonic price analyses to fine wine. Combris, Lecocq and Visser show that Bordeaux wine market prices are essentially determined by the wines' objective characteristics. Costanigro, McCluskey and Mittelhammer differentiate their hedonic analysis for various market segments. Ali and Nauges incorporate reputational variables into their pricing model and distinguish between short- and long-run price effects.The next section of this volume deals with one of the unique characteristics of wine — its long storage life, which makes it potentially an investment asset. Studying wine's increasing role as an alternative asset class, Sanning et al., Burton and Jacobsen, Masset and Weisskopf, Masset and Henderson, and Fogarty all examine the rate of return to holding wine as well as the related risks. Since these papers analyze different wines and different time periods there is no 'one message.' However, all point out that, while wine may diversify an investor's portfolio, wine's returns do not beat common stock in the long run.The last two chapters examine the role of wine experts. First, Ashenfelter and Quandt revisit the 1976 'Judgment of Paris' and show that aggregating the assessments of several judges should go beyond 'adding points.' Depending on the method employed, the results may vary, and some measure of statistical precision is essential for interpreting the reliability of the results. In two different papers, Cicchetti and Quandt respond to the necessity to provide statistical tools for the assessment of wine tastings.In a seminal paper, Hodgson reports a remarkable field experiment in which similar wines were placed before judges at a major competition. The results have the shocking implication that how medals are awarded at a major California wine fair is not far from being random. Ashton analyzes the performance of professional wine judges and finds little support for the idea that experienced wine judges should be regarded as experts.Do experts scores influence the price of wine? The answer to this question is less obvious then commonly thought since expert opinion oftentimes only repeats public information such as wine quality that results from the weather that produced the wine grapes. Hadj Ali, Lecocq, and Visser as well as Dubois and Nauges find that high critical scores exert only small effects on wine prices. However, Roberts and Reagans show that a high critical exposure reduces the price-quality dispersion of wineries.Lecocq and Visser analyze wine prices and find that 'characteristics that are directly revealed to the consumer upon inspection of the bottle and its label explain the major part of price differences.' Expert opinion and sensory variables appear to play only a minor role. In an experimental setting using two Vickrey auctions, Combris, Lange and Issanchou confirm the leading role of public information, i.e., the label remains a key determinant for champagne prices. In a provocative and widely discussed study drawing on blind tasting results of some 5,000 wines, Goldstein and collaborators find that most consumers prefer less expensive over expensive wine.Finally, Weil examines the value of expert wine descriptions and lets several hundred subjects match the wines and their descriptors. His results suggest that the ability to assign a certain description to the matching wine is more or less random.Volume 2 covers the topics reputation, regulation, auctions, and market organizational. Landon and Smith, Anderson and Schamel, and Schamel analyze the impact of current quality and reputation (i.e., past quality) on wine prices from different regions. Their results suggest that prices are more influenced by reputation than by current quality. Costanigro, McCluskey and Goemans develop a nested framework for jointly examining the effects of product, firm and collective reputation on market prices.The following four papers deal with regulatory issues in the US as well as in Europe. While Riekoff and Sykuta shed light on the politics and economics of the three-tier system of alcohol distribution and the prohibition of direct wine shipments in the US, Deconinck and Swinnen analyze the European planting rights system. The political economy of European wine regulation is then covered by Melonie and Swinnen, before Anderson and Jensen shed light on Europe's complex system of wine industry subsidies.The next chapter is devoted to wine auctions. In three different papers, Fevrier, Roos and Visser, Ashenfelter, and Ginsburgh analyze the effects of specific auction designs on the resulting hammer prices. The papers focus on multi-unit ascending auctions, absentee bidders, and declining price anomalies.The last chapter, supply and organization, is devoted to a wide range of issues. First, Heien illuminates the price formation process in the California winegrape industry. Then, Frick analyzes if and how the separation of ownership and control affects the performance of German wineries.Vink, Kleynhans and Willem Hoffmann introduce us to various models of wine barrel financing, particularly to the Vincorp model employed in South Africa. Galbreath analyzes the role of women in the wine industry. He finds that (1) women are underrepresented and (2) that the presence of a female CEO increases the likelihood of women in winemaker, viticulturist, and marketing roles in that firm. Gokcekus, Hewstone, and Cakal draw on crowdsourced wine evaluations, i.e., Wine Tracker data, and show that private wine assessments are largely influenced by peer scores lending support to the assumption of the presence of a strong herding effect.Mahenc refers to the classic model of information asymmetries and develops a theoretical model highlighting the role of informed buyers in markets that are susceptible to the lemons problem. Lastly, in their paper 'Love or Money?' Scott, Morton and Podolny analyze how the presence of hobby winemakers may distort market outcomes. Hobby winemakers produce higher quality wines, charge higher prices, and enjoy lower financial returns than professional for-profit winemakers. As a result, profit-oriented winemakers are discouraged from locating at the high-quality end of the market.
Download or read book Marketing California Grapes written by United States. Bureau of Agricultural Economics and published by . This book was released on 1924 with total page 568 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Status of the Grape Industry written by Sherwood William Shear and published by . This book was released on 1927 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book California Grape Industry Economic Situation and Outlook written by Jerome Bernard Siebert and published by . This book was released on 1970* with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Status of the Grape Industry Classic Reprint written by Sherwood William Shear and published by Forgotten Books. This book was released on 2017-11-19 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Economic Status of the Grape Industry The primary object of this study has been to analyze the chief available statistical data relating to the industry as a basis for a partial and tentative answer to the question, what is the economic situation of, and the outlook for, California's fresh-grape industry? The study has been carried to the fullest extent warranted in a general survey, in View of the insistent demand for the information upon the part of agricultural agencies. The question of market distribution, important as it is, has barely been touched upon in. The present study, chiefly because of the lack of sufficient data to serve as the basis for making safe conclusions. There is urgent need, however, for a special and intensive study of this phase of the grape industry, but at the present time the means are not available for making the extensive first-hand studies which this would involve. Absence of available data at this time has also made it necessary to omit from this publication any discussion of the cost of producing grapes. Those who wish quickly to get the gist of the study without reading it in detail will find brief Conclusions and a Summary given in the first few pages. In addition one may quickly visualize many of the chief facts by glancing at the figures and reading the brief story under each of these. Preparation of the bulletin has been greatly facilitated by the generous assistance of many individuals and Organizations. A list of these is given in the Acknowledgments on page 110. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Download or read book California Wine Outlook written by and published by . This book was released on 1973 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book California Grapes written by Robin Gerald Henning and published by . This book was released on 1967 with total page 474 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Grape Industry written by and published by . This book was released on 1929 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trends and Outlook in the California Grape Industries written by George L. Mehren and published by . This book was released on 1950 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Statistics Relating to the California Grape Industry written by United States. Marketing and Marketing Agreements Division and published by . This book was released on 1939 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
