Natural endowments, production technologies and the quality of wines in bordeaux. Does terroir matter?
成果类型：
Article
署名作者：
Gergaud, Olivier; Ginsburgh, Victor
署名单位：
Universite de Reims Champagne-Ardenne; Universite Libre de Bruxelles; Universite Catholique Louvain
刊物名称：
ECONOMIC JOURNAL
ISSN/ISSBN：
0013-0133
DOI：
10.1111/j.1468-0297.2008.02146.x
发表日期：
2008
页码：
F142-F157
关键词：
摘要：
We study whether quality assessments made by wine experts and by consumers (based on prices obtained at auction between 1980 and 1992) can be explained by variables describing endowments (land characteristics, exposures of vineyards) and technologies (from grape varieties and picking, to bottled wines). However, since technological choices are likely to depend on endowments, the effects can only be identified using an instrumental variables approach. We show that technological choices affect quality much more than natural endowments, the effect of which is negligible.
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