The global wine industry is a continually modifying market impacted by financing, culture, and politics. Economics, Governance, and Politics in the Wine Market follows developments in European agriculture policies on wine legislation and market trend orientation between political power and market structure, from their inception through recent reforms.
This political economic analysis seeks to explain the implementation of wine policies applied to production management in Europe. Gaeta and Corsinovi use The Public Choice model to describe bargaining and trade-off in agriculture wine policy by governments, producers, and critical industrial organizations.
They argue that market problems cannot be analyzed without an understanding of the motives and processes behind upstream policy decisions. With the book's theoretical approaches and famous case studies, readers become agricultural wine experts capable of navigating the current complex wine market of the European Union.
Review: A solid, insightful analysis with a focus on the role of bureaucracy and heavy-handed regulation of European wine markets. Political economic academics will find the analysis contained in this wonderful book instructive and the basis for generating many testable hypotheses, while wine industry participants will gain an improved lens on market and regulatory dynamics in Europe. - Gordon Rausser, Robert Gordon Sproul Distinguished Professor, University of California, Berkeley, USA This book is a comprehensive study on the political economy of the wine industry in the European Union, the world's largest wine producer.
It describes in great detail how politics and lobbying influence market outcomes. This book fills a void in the current wine economics and wine politics related literature and has been overdue for at least three decades. - Karl Storchmann, Clinical Professor, New York University, USA; Managing Editor, Journal of Wine Economics The EU is the largest wine market in the world, but also the most regulated.
This book is the first to provide an overview of the many regulations in the EU wine sector, their emergence, and the political economy factors behind it. I believe it will be an important reference work for scholars, businesses, policy-makers, and whomever is interested in the EU wine market. - Johan Swinnen, Professor and Director, LICOS Centre for Institutions and Economic Performance, University of Leuven, Belgium
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