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Publisher: The MIT Press
Published: 17 November 2020
DOI: 10.7551/mitpress/11106.001.0001
EISBN: 9780262361026
A comprehensive and interdisciplinary approach to the economics of the production, distribution, and consumption of wine. The open access edition of this book was made possible by generous funding from Arcadia – a charitable fund of Lisbet Rausing and Peter Baldwin. Wine economics is a growing subfield that examines the economics of the production, distribution, and consumption of wine. In this book, Stefano Castriota takes a comprehensive and interdisciplinary approach to the study of wine economics, drawing on literature from industrial organization, welfare economics, economic policy, political economy, management, finance, health economics, law, and criminology. Castriota explores how wine markets operate and how they are regulated, covering such diverse topics as the health economics of wine consumption (both the positive health effects associated with moderate wine intake and the negative effects of alcohol abuse), the competition and profitability of wineries, the function of wine as an investment, and the quality of wine. He examines differences between the wine industries in the Old World and the New World, comparing small, family-owned wineries with larger conglomerates, and analyzes the regulation of wine in the United States versus the European Union. He concludes with a series of recommendations to ensure open and efficient wine markets while protecting public health. Originally published in Italy as Economia del Vino , this English translation has been extensively revised. It includes additional material focusing on the English-speaking countries of the New World, particularly the regulatory environment of the United States and the lingering effects of Prohibition.
Book: Wine Economics
Publisher: The MIT Press
Published: 17 November 2020
DOI: 10.7551/mitpress/11106.003.0001
EISBN: 9780262361026
Book: Wine Economics
Publisher: The MIT Press
Published: 17 November 2020
DOI: 10.7551/mitpress/11106.003.0002
EISBN: 9780262361026
Book: Wine Economics
Publisher: The MIT Press
Published: 17 November 2020
DOI: 10.7551/mitpress/11106.003.0003
EISBN: 9780262361026