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The Value of Terroir. A historical analysis of Bordeaux and Champagne geographical indications

Catherine Haeck (), Giulia Meloni and Johan Swinnen ()

LICOS Discussion Papers from LICOS - Centre for Institutions and Economic Performance, KU Leuven

Abstract: Previous studies on the value of terroir, or more generally geographical indications (GI), used hedonic techniques. We use historical data and exploit temporal and geographical variations in the introduction of wine GIs in early twentieth century France to study the impact on the price of specific wines in the years and decades following their introduction. We find large effects of GIs on prices of some Champagne wines, but no significant impact on Bordeaux or other Champagne wines.

Keywords: Treatment effects; Appellations; European agriculture; regulation; wine history (search for similar items in EconPapers)
JEL-codes: C21 L51 L66 N53 Q11 Q18 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr, nep-his, nep-ict and nep-ure
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:lic:licosd:40818

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