Early Sales of Bordeaux grands crus

被引:6
作者
Mahenc, Philippe [1 ,2 ]
Meunier, Valerie [3 ]
机构
[1] LERNA INRA, Mfg Tabacs, 21 Allde Brienne, F-31000 Toulouse, France
[2] Univ Perpignan, Perpignan, France
[3] Univ Aarhus, Sch Econ & Management, DK-8000 Aarhus C, Denmark
关键词
D O I
10.1017/S1931436100000092
中图分类号
F3 [农业经济];
学科分类号
0202 ; 020205 ; 1203 ;
摘要
En primeur sales of Bordeaux grands crus occur every spring on the Bordeaux marketplace and represent the main source of supply for wine merchants. We address two specific issues related to the en primeur strategy. First, we study whether en primeur prices are good estimates of wines' qualities, as well as how they may reveal any relevant information to uninformed buyers. Second, we consider which roles en primeur sales may play between traders, given the market informational and competitive structures.
引用
收藏
页码:57 / 74
页数:18
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