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A model of the world's wine markets

Wittwer, Glyn; Berger, Nick; Anderson, Kym

Description

This paper describes the theoretical and empirical structure of the World Multisectoral Wine Model, which uses some of the features of general equilibrium models. The model is disaggregated into the expanding premium and shrinking non-premium segments of the wine market. To illustrate its usefulness, we model the impact on the global market of the projected rapid premium supply expansion in New World wine production to 2005. The results show supply-induced falls in producer prices of New...[Show more]

CollectionsANU Research Publications
Date published: 2003-05
Type: Journal article
URI: http://hdl.handle.net/1885/106523
Source: Economic Modelling
DOI: 10.1016/S0264-9993(01)00095-5

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