 Diversity and a Shifting Power Balance: Negociants and Winegrowers in BordeauxSofya Brand
Chapter 18 in The Palgrave Handbook of Wine Industry Economics, 2019, pp 363-380 from Springer Abstract: Abstract What is so unique about the wine market? Diversity! There are an extremely large variety of wines, as well as producers who make them. What is important to understand about this diversity? It is organized: it is embedded in a complex set of social relationships and is governed by various institutions. From this perspective, the organization of this level of variety can be seen as a historical process. The actors involved constantly seek to ensure their business models are coherent with the current production and market environment. To achieve this, they do not simply adjust their own strategy or the way they implement it but also try to change the environment, where it is needed, by interacting with other decision-makers. In the wine industry this manifests itself as the power game between winegrowers and merchants. The wine region of Bordeaux is a striking example of how historically organized diversity can be transformed into the basis of market success. At the same time this example shows the fragility of a regional production system which is only temporarily coherent. Date: 2019 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-98633-3_18 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-98633-3_18 Access Statistics for this chapter More chapters in Springer Books from Springer |
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