Measuring the Economic Effect of Global Warming on Viticulture Using Auction, Retail, and Wholesale Prices

Orley C. Ashenfelter, Karl Storchmann

Although auction prices are based on actual transactions, they provide a thick market only for high quality, expensive wines and may overestimate climate's effect on farmer revenues. Wholesale prices, on the other hand, do provide broad coverage of all wines sold and probably come closest to representing the revenues of farmers. Overall, we estimate a 1°C increase in temperature would yield an increase in farmer revenue of about 30 percent

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Year of publication:	May 2010
Authors:	Ashenfelter, Orley C.
Other Persons:	Storchmann, Karl (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Klimawandel \| Climate change \| Weinbau \| Wine industry \| Prognose \| Forecast \| Deutschland \| Germany \| Agrarpreis \| Agricultural price \| Gewinn \| Profit \| Agrarproduktion \| Agricultural production

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w16037
Type of publication:	Book / Working Paper
Language:	English
Notes:	System requirements: Adobe [Acrobat] Reader required for PDF files Mode of access: World Wide Web Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w16037 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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