Buffer stocks, wine quality, and wine cooperatives in Franco’s Spain and beyond

Samuel Garrido

No 2022/11, Working Papers from Economics Department, Universitat Jaume I, Castellón (Spain)

Abstract: Cooperative wineries are one of the cornerstones of the wine industry in Europe today. To understand 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, namely, during the Franco dictatorship (1939-1975). Wine economists often believe that cooperatives produce mediocre wines because they cannot avoid the opportunistic behavior of their members. I argue that they can and that the poor quality of their wine in some regions was the result of the perverse stimuli provided by a badly designed wine market regulation policy.

Keywords: wine; cooperative wineries; market regulation; Franco’s Spain; European Union (search for similar items in EconPapers)
JEL-codes: D40 L66 N34 Q13 (search for similar items in EconPapers)
Pages: 37 pages
Date: 2022
New Economics Papers: this item is included in nep-agr and nep-his
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.doctreballeco.uji.es/wpficheros/Garrido_11_2022.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:jau:wpaper:2022/11

Access Statistics for this paper

More papers in Working Papers from Economics Department, Universitat Jaume I, Castellón (Spain) Contact information at EDIRC.
Bibliographic data for series maintained by María Aurora Garcia Gallego ().