Wine is an experience good and also (at least under certain circumstances and to a certain extent) a conspicuous consumption good. As such, wine buyers should be willing to pay a premium for regional reputation to avoid risk and to send signals about their wealth and social status. At the same...

Assuming that wine markets are efficient, ultimately a bottle of wine's cost and therefore its price should reflect its vintage, grape variety as well as how it is vinified. Yet, being an experiential good, a wine's price is also closely related to its place of origin. If the designated...

Categorization is essential to everyday cognition, aiding in the organization and comprehension of information and salient stimuli. In many cases, we partake in the process of "lumping" and "splitting," where similar items are lumped together, while dissimilar items are split apart in an...

This paper explores the relationship between manufacturing and growth rate in recent years. We undertake a simple cross-country analysis using UN data. When controlling for variables relevant to growth, we find no significant relationship between the two variables. We argue that manufacturing...