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Wine Economics

Wine Economics

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  • Publisher: The MIT Press
  • English language
  • Publication date: 11/2020
  • Number of pages: 320
  • Dimensions: 18 x 23 cm
  • Weight: 758g
  • Format: Softcover
  • ISBN: 9780262044677


A comprehensive and interdisciplinary approach to the economics of wine production, distribution and consumption.
Wine economics is a growing subfield that examines the economics of wine production, distribution, and consumption. In this work, Stefano Castriota takes a comprehensive and interdisciplinary approach to the study of wine economics, drawing on literature relating to industrial organization, welfare economics, economic policy, political economy, management, finance, health economics, law and criminology.

Castriota explores the functioning of wine markets and their regulation, addressing topics as diverse as the health economics of wine consumption (both the positive health effects associated with moderate wine consumption and the negative effects alcohol abuse), competition and profitability of wineries, the function of wine as an investment and the quality of wine. It examines the differences between the wine industries of the Old and New Worlds, comparing small family farms to large conglomerates, and analyzes wine regulation in the United States versus the European Union. It concludes with a series of recommendations aimed at ensuring 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.

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