A Model of the World Wine Market
نویسندگان
چکیده
A Model of the World Wine Market Glyn Wittwer, Nick Berger and Kym Anderson This paper describes the theoretical and empirical structure of the World Multisectoral Wine Model. Although the model is primarily concerned with one sector of the global economy, it uses some of the features of general equilibrium models on the demand side, notably a linear expenditure system and consumption function. 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 of the current rapid supply expansion in New World wine production on the global market.
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