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This paper examines empirically two distinguishing aspects of the world's wine regions: their degree of specialization …, that together account for all but one-eighth of the world's winegrapes, are included in the analysis. The data refer to … production of different varieties around the world …
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That climate policies are costly is evident and therefore often creates major fears. But the alternative (no action) also has a cost. Mitigation costs and damages incurred depend on what the climate policies are; moreover, they are substitutes. This brings climate policies naturally in the realm...
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