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 …

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 …

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 …

When buying wine, consumers often need to infer unobservable characteristics of the wines that are available. Product … scarcity in the store can signal that the quality of a wine is high, either because the product is deemed exclusive (when … specific wine increases consumer choice for this wine, and when it does not. Specifically, two experiments show that scarcity …

, search cost for quality information within a given store, and search cost for comparing across two competing electronic wine …