"There is scarcely a man of sense and knowledge who would dare to question the supremacy of Tokaji wines over all other European wines." - Selbstherr, a wine merchant from Breslau. This paper examines the transformation of viticulture and estate management in the Tokaj-Hegyalja region of the...

This study investigates the economic role of wine tourism in Nemea, Greece, a prominent Protected Designation of Origin (PDO) wine-producing region. Employing a mixed-methods approach, the research combines interviews with local stakeholders and a structured post-wine-tasting visitor survey to...

Framing of the research: The Circular Economy has progressively emerged as a transformative model aimed at reconciling economic and social values, while preserving the environment and biodiversity. Adopting Circular Economy principles requires firms to fundamentally change their business...

South Africa's citrus and wine industries have achieved relative success in global markets to become the country's leading agri-food exports. However, the two industries have realised relatively different upgrading trajectories in global value chains (GVCs). The citrus industry quickly grew its...

Several attributes can be used to differentiate wine products to meet consumer interest and thus increase producer visibility, attractiveness and revenues. Perception of the same attribute may depend on various factors that characterise the subjects, such as individual, behavioural and...

As sustainability concerns increasingly influence agri-food systems, environmental labels have become an important tool for signalling producers' ecological responsibility to consumers. However, the effectiveness of such labels depends on how they are perceived and valued in specific product...

This study explores the prejudices of Swiss residents toward consumers of canned wine in the context of outdoor leisure activities. Despite the convenience and environmental benefits of canned wine, it faces resistance from wine consumers based on prejudices. We investigate whether holiday...

In Europe, alcohol-related diseases have an increasingly high impact on healthcare costs every year. Hence, rising consumer consciousness regarding the risks and harms of drinking alcohol is a primary goal of the EU Commission. Recently, the Commission has been discussing the mandatory adoption...

For decades, the literature has engaged in a robust debate regarding the competitiveness of wine cooperatives. Many studies suggest that these cooperatives may exhibit lower pricing competitiveness compared to other enterprise forms, while others have found the opposite. To clarify these...

Over the past few decades, Italy's wine industry has shifted from producing low-value, local wines to a modern sector that meets both domestic and international demand. Despite these achievements, the sector faces challenges such as rising production costs, climate change, and a need for...

The wine industry faces distinctive supply chain challenges, including high product variety, export market fragmentation, and seasonal production, all of which contribute to demand uncertainty. Importantly, this uncertainty is not only externally driven but also amplified by tactical and...

This paper deals with the taxation of still wine in the Czech Republic. The aim of the paper is to quantify the fiscal impact of the imposition of a non-zero excise duty rate on still wine on excise and value added tax revenue. The paper uses an analytical approach to assess the impacts using...

Conventional methods for assessing competitiveness capture a limited reflection of market adaptability. This limitation needs to be addressed in light of the volatile geopolitical context and shifting trade policies, which shape an environment in which resilience is a fundamental component of...

Over the last decades, climate change has been playing an increasingly significant role in humanity and has greatly affected world wine-producing regions. There are already remarkable changes in wine production (for example, plantation of new heat-tolerant grape varieties, growing wine grape...

While a large body of literature explores how international wine trade correlates with country, market and national industry characteristics, research at firm level on the choice to export (export propensity) and on the importance of exports on production or sales (export intensity) remains...

Wine is the most differentiated of all farm products, with much of the differentiation based on the location of production. In this paper, we estimate the effects of climate and vintage weather on California's varietal wine quality and prices. Our analysis is based on a sample of premium wines...

The study examines the influence of markups on the export decisions and subsequent export intensity of firms within the Hungarian wine sector. Additionally, we evaluate the impact of entering and sustaining a presence in export markets on firms' markups and compare the markup levels between...

This paper studies the effects of the U.S. railroad expansion during the 19th century on exports of wine at the customs district level. I digitize previously unexploited data on wine trade flows for customs districts from 1870 to 1900 and combine these data with GIS-based measures of access to...

The restaurant industry, especially fine dining, is characterized by intense competition and an increasing number of closures. Wine is a profit lever, but the exploitation of sales potential can present a challenge. As consumers encounter more extensive wine lists, they often find themselves...

This study examines the wine revenues of the Rákóczi family and the exchange rates of wines stored in their cellars destined for foreign markets, based on surviving sources from the period between 1660 and 1709. The Rákóczi family, of Transylvanian princely descent, was among the largest...

Is the quality of a 91-point wine significantly different from that of an 89-point wine? Which wines are underpriced relative to their evaluation of quality? This paper addresses these questions by constructing a novel wine rating system based on scores assigned by a panel of wine experts to a...

This article documents the sudden creation of a significant entrepôt for French wine, particularly Bordeaux claret, in Boulogne-Sur-Mer starting in 1720. Scottish Jacobites who practiced a rebellious version of "fair trade" dominated this commerce, and their network had direct links to...

Understanding consumer choices and their drivers of willingness to pay (WTP) for a bottle of wine has been a research challenge in wine economics, particularly in niche markets such as sparkling wine. This study investigates the determinants of WTP for sparkling wine based on data from...

There is an increasing global focus on gender diversity and equality in the workplace, particularly regarding women in leadership roles. Our study explores this focus in the wine industry in Australia, examining women's representation in CEO, winemaker, viticulturist, and marketing roles. By...

This study explores the relationship between tourism demand, both domestic and international, wine price, and wine consumption across European countries. Recognizing the cultural and economic significance of wine, particularly within Europe, this research examines how tourism spending influences...

This paper examines the economic returns to regional designations present in agricultural markets. Geographical indications (GIs) define region-based collections of producers sharing terroir. Exploiting this geography-quality nexus, firms employ GIs to signal product quality to consumers. We...

China was one of the world's most important areas of growth in wine demand in the 2010s, accounting for 7% of the world's wine consumption and 8% of its value of wine imports by 2017. But China's per capita wine consumption peaked in the mid-2010s, and its wine imports have more than halved...

This study examines the relationship between cannabis and wine consumption, investigating whether these substances function as substitutes or complements. Using data from an online survey of 523 German wine consumers, including 215 cannabis users, we analyze consumption across four wine...

Review systems, including quantitative measures as well as text-based expression of experiences, are omnipresent in today's digital platform economy. This paper studies the existence of reputation inflation, i.e., unjustified increases in ratings, with a special focus of heterogeneity between...

This study presents a comparative evaluation of sentiment analysis models applied to a large corpus of expert wine reviews from Wine Spectator, with the goal of classifying reviews into binary sentiment categories based on expert ratings. We assess six models: logistic regression, XGBoost, LSTM,...

Agriculture, today, faces a series of challenges, both from climatic conditions and vice versa. To overcome these challenges and increase the efficiency of operations, maximize crop productivity and reduce the negative impact of agriculture on the environment, modernization of agriculture is...

Having quality wine is important for a wine company; however, it is necessary to have a communication strategy and be aware that digital marketing activities are constantly evolving and that companies need to adapt to stay close to their audience. Increasingly, the wine sector sees digital...