Ali, Héla Hadj; Lecocq, Sébastien; Visser, Michael - Laboratoire d'Economie Appliquee, INRA - 2005
The purpose of this paper is to measure the impact of Robert Parker's oenological grades on Bordeaux wine prices. We study their impact on the so-called en primeur wine prices, i.e., the prices determined by the ch^ateau owners when the wines are still extremely young. The Parker grades are...