Ashenfelter, Orley; Ashmore, David; LaLonde, Robert - Harris School of Public Policy, University of Chicago - 2004
In this article we show that the quality of the vintage for red Bordeaux wines, as judged by the prices of mature wines …, can be predicted by the weather during the growing season that produced the wines. Red Bordeaux wines have been produced … find them very pleasant to consume. Because Bordeaux wines taste better when they are older, there is an incentive to store …