The Fruit of Regulation: Wine, Regulations, Subsidies, Quality and Cooperatives in Franco's Spain and Beyond

Samuel Garrido

No 2204, Documentos de Trabajo (DT-AEHE) from Asociación Española de Historia Económica

Abstract: Cooperative wineries are one of the cornerstones of the wine industry in Europe today. To explain how they reached this condition, I use the case of Spain and pay special attention to the period in which they took off in the country, the Franco dictatorship (1939-1975). Wine economists often believe that cooperatives produce mediocre wines because they cannot avoid the opportunistic behaviour of their members. I argue that they can prevent it and that the poor quality of their wine in some provinces was the result of the perverse stimuli provided by a badly designed market regulation policy.

Keywords: wine; cooperative wineries; market regulation; buffer stocks; Franco's Spain; European Union (search for similar items in EconPapers)
JEL-codes: D40 L66 N34 Q13 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2022-05
New Economics Papers: this item is included in nep-agr and nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:ahe:dtaehe:2204

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