The impact of hail on retail wine sales: Evidence from Switzerland

Alexandre Mondoux

Journal of Wine Economics, 2022, vol. 17, issue 2, 93-116

Abstract: This paper uses a difference-in-differences approach to analyze the treatment effect of a hail weather shock in a specific Swiss wine-growing region. We exploit a natural experiment from Switzerland's Three Lakes wine region in 2013 and examine its impact on the country's retail market. We find statistically significant (1%-level) effects of –22.8% and +2.8% for the volume and price of wine consumed, respectively. These effects can be interpreted as average treatment effects, which is the difference in outcomes between treatment and control groups using a pre-post shock study methodology. Several robustness checks confirm the statistical significance of the estimated effects and the initial assumptions.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jwecon:v:17:y:2022:i:2:p:93-116_1

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