The rational cavist

W. C. Labys, B. C. Cohen and C. W. Yang

European Review of Agricultural Economics, 1981, vol. 8, issue 4, 519-525

Abstract: This note summarizes the results of an empirical investigation of fine wines as an investment. While other literature has examined this investment value in relation to other assets, the present study employs the portfolio approach to help select among different wines that possess separate risk-return characteristics.

Date: 1981
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