HomeWine macroecomics and finance

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Published on Thursday, February 01, 2018 by Anastasia Giardinelli

Summary

Following the Stock Exchange crash in the early 2000s, fine wine has been deemed an alternative financial asset. Fine-wine price dynamics reflect this popularity by posting a substantial increase over the last 15 years, despite these rises coming to a halt during the 2009 financial crisis and the Bordeaux crisis in 2011. In particular, demand for fine wines has shot up in Asia, notably in China, but also in Russia, with significant increases in revenue. Research on wine economics attempts to explain this phenomenon by basing itself on hedonic analyses founded upon the wine's characteristics. Despite its relevance, few scholars have approached wine from a macroeconomic or financial angle. Little is known about the influence of macroeconomic variables on fine-wine demand and on its price trends? Trajectories. Similarly, the financial analysis of the wine market is in its infancy and there is only scant research on issues such as bubble phenomena, wine price volatility, risk, and expected returns.

Announcement

Presentation

Following the Stock Exchange crash in the early 2000s, fine wine has been deemed an alternative financial asset. Fine-wine price dynamics reflect this popularity by posting a substantial increase over the last 15 years, despite these rises coming to a halt during the 2009 financial crisis and the Bordeaux crisis in 2011. In particular, demand for fine wines has shot up in Asia, notably in China, but also in Russia, with significant increases in revenue. Research on wine economics attempts to explain this phenomenon by basing itself on hedonic analyses founded upon the wines’ characteristics.
Despite its relevance, few scholars have approached wine from a macroeconomic or financial angle. Little is known about the influence of macroeconomic variables on fine-wine demand and on its price trends? Trajectories. Similarly, the financial analysis of the wine market is in its infancy and there is only scant research on issues such as bubble phenomena, wine price volatility, risk, and expected returns.
The objective of this workshop is precisely to attempt to make progress in our understanding of the questions outlined above.

We welcome empirical and theoretical papers on the workshop’s main (but non-exhaustive) themes:

  • Macroeconomics related to wine
  • The role of exchange rates
  • International trade
  • Economic cycles
  • Revenue and demand
  • Wealth effect
  • Cointegration analysis
  • Global change in preferences
  • Emerging markets
  • Finance related to wine:
  • Return and risk analyses
  • Bubbles
  • Investment strategies
  • Portfolio management
  • Micro-finance
  • Crowdfunding
  • Behavioral finance
  • Anticipations
  • Hedonic analyses

The workshop is open to academic researchers (including PhD students) and business practitioners.

INFER – INSEEC – AAWE – LAREFI Workshop on WINE MACROECONOMICS AND FINANCE: November 29-30 2018, Lyon

Keynote Speaker: Victor Ginsburgh (Université libre de Bruxelles, ECARES)

Organizers

The workshop is organized by the International Network for Economic Research (INFER), the INSEEC Research Center, and LAREFI (Laboratoire d’Analyse et de Recherche en Economie et Finance Internationale, University of Bordeaux), and endorsed by the American Association of Wine Economists (AAWE). After a peer-review process, selected papers will be scheduled for a special issue of the Journal of Wine Economics, guest edited by Jean-Marie Cardebat.
INFER is a global, dynamic non-profit organization supporting science and research in all areas of economics. It currently has more than 250 active members and several institutional members, across 37 countries on five continents. INFER encourages scientific discussions during its annual conferences and its workshops organized on specific topics. It also offers excellent publication possibilities to its members. INFER website: http://www.infer-research.eu
The INSEEC Research Center includes PhDs, HDRs, assistant, associate and full professors of the permanent faculty, as well as affiliated researchers from collaborative universities. The Research Center is specialized in the area of Computational Finance, Marketing of Luxury products, Business Ethics and CSR with 54 professors-researchers spread over five campuses (Bordeaux, Chambery, Lyon, Monaco and Paris). Website: https://recherche.inseec.com/

Submission Guidelines

Completed papers may be submitted (in PDF format) to: larefi@u-bordeaux.fr

Deadline for paper submissions is 15 September 2018.

Authors can submit more than one paper, but may present only one paper. We will confirm receipt of your submission. All submitted papers will be peer reviewed. You will receive an e-mail indicating whether your paper is accepted no later than 30 September 2018. Paper presenters are expected to act as discussants. Discussant assignments will be made by the workshop organizers at a later date. As the workshop intends to build a network in this research area, participation is welcome even without paper contributions.

Scientific Committee

  • Josep-Maria Arauzo-Carod (Universitat Rovira i Virgili and INFER)
  • Cristina Badarau (University of Bordeaux and INFER)
  • Alberto Bagnai (University of Pescara and INFER)
  • Jean-Marie Cardebat (University of Bordeaux and INSEEC)
  • Ephraïm Clark (Middlesex University London)
  • Benoit Faye (INSEEC Business School, Bordeaux)
  • Jean-Marc Figuet (University of Bordeaux)
  • Eric Lefur (INSEEC Business School, Bordeaux)
  • Philippe Masset (EHL, Lausanne)
  • Christian Oberst (INFER)
  • Stéphane Onnée (University of Orléans and INSEEC)
  • Stéphanie Prat (INSEEC Business School, Bordeaux)
  • Karl Storchmann (New York University and INSEEC)
  • Camelia Turcu (University of Orleans and INFER)
  • Jean-Philippe Weisskopf (EHL, Lausanne)

Subjects

Date(s)

  • Saturday, September 15, 2018

Keywords

  • wine, AAWE, INFER

Contact(s)

  • Cyril Memer
    courriel : larefi [at] u-bordeaux [dot] fr

Information source

  • Cyril Mesmer
    courriel : larefi [at] u-bordeaux [dot] fr

To cite this announcement

« Wine macroecomics and finance », Call for papers, Calenda, Published on Thursday, February 01, 2018, https://calenda.org/431443

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