Texas allows you to transport open but covered bottles of wine in your car. Even when there are only two of us at dinner, rather than buying a glass of wine for each, we buy the whole bottle and take home what’s left. Read More »
Italian banks may soon accept fine wines and dry-cured hams as collateral on loans. Read More »
I’m alone in Europe, living in an apartment and cooking for myself. I bought a bottle of decent red wine for the remarkably low price of $2.99 and am consuming about one-fourth of it with each dinner (instead of the one-fifth or one-sixth of a bottle I would drink with each dinner at home).
Have I substituted toward wine, moving down the demand curve because the price is lower than at home? Or am I drinking more because I am alone and miss my wife? has my demand curve for wine merely shifted out due to my solitary lifestyle? Read More »
Two papers at last month’s meeting of the American Association of Wine Economists in Reims (this is my second of two articles about the conference) investigated this question with respect to the wine industry, which is, if not a microcosm of all consumer-products industries, at least an increasingly apt caricature of them. While creative adjectivism has long characterized the wine world, the practice in other taste industries — chocolaty coffee, metallic fish, grassy honey, peaty whiskey — is now ascendant. Read More »
We are delighted to welcome Robin Goldstein to our family of Freakonomics blog contributors.
Levitt‘s cheap wine advocacy may have met its match. To protest the falling price of wine, a French group calling itself the Regional Union for Viticultural Action has attacked French supermarkets in the past. Now it has adopted a more supply-side approach: the wine militants recently broke into a cooperative in the south of France, […] Read More »
We saw this sign in the window of a local wine store offering a 10 percent discount on selected brands until 9 p.m. on election night. The owner had noticed that people tend to buy wine on Election Day — either to celebrate or to nurse their wounded egos if their candidate loses. Election parties […] Read More »
My wife and I drink wine with almost every dinner at home. We prefer Australian wines, because we have found European wines — especially Italian and French — to be high-priced in Texas. We even drink an occasional good Texas wine (yes, there are some). The high prices in Texas have meant that we go […] Read More »