Volpe, Richard; Green, Richard; Heien, Dale; Howitt, Richard - In: Journal of Wine Economics 5 (2010) 02, pp. 219-235
This article is the first of its kind to estimate econometrically the supply elasticity of California wine grapes. Wine grapes constitute the single largest crop in the state of California in terms of total receipts. Allowing for the dynamic adjustments of quasi-fixed inputs, we estimate...