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Title: Disequilibrium in the Australian wine industry: A product diversity approach
Authors: Davis, Tim
Ahmadi-Esfahani, Fredoun Z.
Keywords: Wine exports
Discrete choice analysis
Optimal product diversity
Issue Date: 2006
Abstract: Stocks of Australian wine, at an industry level, have considerably exceeded sales for many years. However, all varieties and regions are not the culprits of this “oversupply”. The mismatching of supply and demand can be attributed to a lack of adequate market information, particularly at the export level. Sub-optimal levels of product diversity in international markets can act as a barrier to entry for new wine exporters, despite that market remaining a promising prospect from a purely “volume” perspective. This paper focuses on product diversity. An empirical model for studying the US wine market is proposed and the implications of the analysis are explored.
Institution/Association: Australian Agricultural and Resource Economics Society>2005 Conference (49th), February 9-11, Coff's Harbour, Australia
Total Pages: 19
Collections: 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia

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