The American Association of Wine Economists (AAWE) just released a new issue of the Journal of Wine Economics (JWE) (Vol 12, No 3).
For a list of content and full text/abstract links see below.
This issue includes two freely accessible articles, one on Brexit and another one on Terroir.
(1) In U.K. and Global Wine Markets by 2025, and Implications of Brexit, Kym Anderson and Glyn Wittwer conclude that “inside the United Kingdom ..., the effect of Brexit on incomes and the British pound are likely to have nontrivial initial impacts on the domestic wine market and to be far more consequential than the direct impact of changes in bilateral tariffs."
(2) In Terroir in the New World: Hedonic Estimation of Vineyard Sale Prices in California, Robin Cross, Andrew Plantinga and Robert Stavins’ examine the link between intrinsic vineyard attributes (“terroir”) and vineyard prices in California’s Napa and Sonoma Counties. Although they find a positive influence of terroir on land values, the effect of designated appellations - that may have only weak connections to terroir - is stronger and more consistent.