@article{Fraser:118435,
      recid = {118435},
      author = {Fraser, Iain},
      title = {Microeconometric analysis of wine grape supply contracts  in Australia},
      journal = {Australian Journal of Agricultural and Resource Economics},
      address = {2005},
      number = {428-2016-27505},
      pages = {24},
      year = {2005},
      abstract = {This paper examines wine grape supply contracts used in  the main grape growing regions
of Australia. An empirical  analysis provides insight into specific aspects of  contract
design and implementation. Statistical analyses of  sample data reveal differences between
regions in contract  specifications. Lower quality grape growing regions place a  greater
reliance on grape quality assessment to determine  bonus/penalty payments compared
to higher quality regions.  Contracts in higher quality regions place greater emphasis  on
explicit winery involvement and direction in vineyard  management.Results indicate that
longer duration contracts  are more inclusive in terms of the number of clauses  included.
Evidence of risk shifting (i.e., winery to  grower) for high quality grapes is reported,where
the price  received by growers is determined by the bottle price of  the wine produced.},
      url = {http://ageconsearch.umn.edu/record/118435},
      doi = {https://doi.org/10.22004/ag.econ.118435},
}