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MEASURING THE ECONOMIC EFFECT OF GLOBAL WARMING ON VITICULTURE USING AUCTION, RETAIL AND WHOLESALE PRICES AgEcon
Ashenfelter, Orley; Storchmann, Karl.
In this paper we measure the effect of year to year changes in the weather on wine prices and winery revenue in the Mosel Valley in Germany in order to determine the effect that climate change is likely to have on the income of wine growers. A novel aspect of our analysis is that we compare the estimates based on auction, retail, and wholesale prices. Although auction prices are based on actual transactions, they provide a thick market only for high quality, expensive wines and may overestimate climate’s effect on farmer revenues. Wholesale prices, on the other hand, do provide broad coverage of all wines sold and probably come closest to representing the revenues of farmers. Overall, we estimate a 1°C increase in temperature would yield an increase in...
Tipo: Working or Discussion Paper Palavras-chave: Wine; Global warming; Auction prices; Retail prices; Wholesale prices; Demand and Price Analysis; Environmental Economics and Policy.
Ano: 2010 URL: http://purl.umn.edu/90482
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DETERMINANTS OF WHOLESALE BEEF-CUT PRICES AgEcon
Capps, Oral, Jr.; Farris, Donald E.; Byrne, Patrick J.; Namken, Jerry C.; Lambert, Charles D..
Key determinants of monthly wholesale prices for 12 beef cuts include the quantity of the specific cut, stickiness in prices, marketing costs, quantities of pork and chicken, and seasonality. Seasonal patterns across the respective cuts are very different. Relative to the price in December, prices at the wholesale level in other months can be as much as 6 percent lower to as much as 21 percent higher.
Tipo: Journal Article Palavras-chave: Wholesale prices; Beef cuts; Seasonality; Demand and Price Analysis; Livestock Production/Industries.
Ano: 1994 URL: http://purl.umn.edu/15429
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