Spatial variations in climate and Bordeaux wine prices

Sébastien Lecocq and Michael Visser ()

Research Unit Working Papers from Laboratoire d'Economie Appliquee, INRA

Abstract: The purpose of this paper is to study the impact of climate conditions on Bordeaux wine prices. Unlike previous studies (based on data from the main weather station in Mérignac), we use climatological variables from many local stations. Two models are compared: one where prices are related to Mérignac weather conditions, and one where prices are related to local conditions (weather variables measured in the station the nearest to the château). Although a non-nested test suggests that the model based on local weather data is the preferred one, regressions of the two speciÞcations lead to very similar results. This is reassuring news for researchers interested in the relationship between climate and wine prices, but who do not have access to small-scale spatial variations in climate.

Keywords: Bordeaux; France; Wine price; climate conditions (search for similar items in EconPapers)
JEL-codes: Q19 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-env
Date: 2006-09
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.inra.fr/Internet/Departements/ESR/UR/lea/documents/wp/wp0610.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: http://EconPapers.repec.org/RePEc:lea:leawpi:0610

Access Statistics for this paper

More papers in Research Unit Working Papers from Laboratoire d'Economie Appliquee, INRA
Address: INRA-LEA, 48, Boulevard Jourdan, 75014 Paris, France
Series data maintained by Madeleine Roux (). This e-mail address is bad, please contact .