Have policy distortion spilled overacross wine markets ?: evidence from the french wine sector

Evens Salies and Bodo Steiner

No 2011-16, Documents de Travail de l'OFCE from Observatoire Francais des Conjonctures Economiques (OFCE)

Abstract: This paper investigates cross-market effects of policy instruments that were implemented in the table and quality wine market as one of the pillars of market intervention in Europe’s Common Market Organisation (CMO) for wine. We explore two hypotheses regarding the spill-over of distillation policy distortions and quality downgrading. Empirical evidence from France, the largest producer of quality wines in Europe, provides support for the hypothesis that distillation policy distortions in the quality wine market have spilledover to the table wine market. As predicted by our second hypothesis, we find evidence for quality downgrading, a phenomenon that has so far received little attention in the wine economics literature.

Keywords: Common market organization for wine; distillation; spill-over effects; quality downgrading; France; heterogeneous panel (search for similar items in EconPapers)
JEL-codes: Q11 Q18 (search for similar items in EconPapers)
Date: 2011-09
New Economics Papers: this item is included in nep-agr
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Related works:
Working Paper: Have policy distortions spilled over across wine markets? Evidence from the French wine sector (2011)
Working Paper: Have policy distortions spilled over across wine markets? Evidence from the French wine sector (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:fce:doctra:1116

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