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Wine and the wine trade are steeped in culture and history; few products have consistently enjoyed both cultural … importance and such wide distribution over time--even seen by some as "an elixir of life". While wine has been produced and … consumed for centuries, what is distinctive about the economics of wine? Professor Marks's book is an accessible exploration of …
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Wine and the wine trade are steeped in culture and history; few products have consistently enjoyed both cultural … importance and such wide distribution over time--even seen by some as "an elixir of life". While wine has been produced and … consumed for centuries, what is distinctive about the economics of wine? Professor Marks's book is an accessible exploration of …
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We propose to establish wine rankings using scores that depend on the differences between favorable and unfavorable … opinions about each wine, according to the Borda rule. Unlike alternative approaches and specifications, this method is well … acyclicity. As an illustration, we apply the method to rank wines assessed by different experts and compare the resulting ranking …
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This note reconsiders communication between an informed expert and an uninformed decision maker with a strategic mediator in a discrete Crawford and Sobel (1982) setting. We show that a strategic mediator may improve communication even when he is biased into the same direction as the expert. The...
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