The value of terroir: A historical analysis of Bordeaux and Champagne, the world's first geographical indications

Arbeitspapier

Previous studies on the value of terroir, or more generally geographical indications (GI), used hedonic techniques. We use historical data and exploit temporal and geographical variations in the introduction of wine GIs in early twentieth century France to study the impact on the price of specific wines in the years and decades following their introduction. We find large effects of GIs on prices of some Champagne wines, but no significant impact on Bordeaux or other Champagne wines.

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• Language: Englisch

References and Relationships

• Bibliographic citation: Series: LICOS Discussion Paper ; No. 408

Classification and Topics

• Classification: Wirtschaft ; Single Equation Models; Single Variables: Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions ; Economics of Regulation ; Food; Beverages; Cosmetics; Tobacco; Wine and Spirits ; Economic History: Agriculture, Natural Resources, Environment, and Extractive Industries: Europe: Pre-1913 ; Agriculture: Aggregate Supply and Demand Analysis; Prices ; Agricultural Policy; Food Policy
• Subject: Treatment effects ; Appellations ; European agriculture ; regulation ; wine history

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Haeck, Catherine ; Meloni, Giulia ; Swinnen, Johan F. M.
• Event: Veröffentlichung
• (who): Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance
• (where): Leuven
• (when): 2018

Further information

• Handle: http://hdl.handle.net/10419/200492