Gokcekus, Omer; Fargnoli, Andrew - In: Journal of Wine Economics 2 (2007) 02, pp. 187-195
To determine whether globalization is good for wine drinkers in the U.S., we examine the <italic>Wine Spectator's</italic> annual Top 100 lists, published since 1988. During this period, the average real price for these wines decreases from $43 to $26. Quality is consistent at around 93 points. Variety increases...