Masset, Philippe; Weiskopf, Jean-Philippe; Cardebat, … - In: Journal of wine economics 18 (2023) 1, pp. 39-65
This paper proposes an approach to determine efficient release prices on the Bordeaux en primeur (primary) market. The model exploits information from the secondary market to estimate efficient release prices. We apply the model to a representative sample of wines from the 2021 vintage. The...