Competition Policy in the Wine Industry in Europe

2019 ◽  
Vol 14 (01) ◽  
pp. 90-113 ◽  
Author(s):  
Andrea Minuto Rizzo
Keyword(s):  
Mergers And Acquisitions ◽  
Competition Policy ◽  
Regulatory Framework ◽  
Wine Industry ◽  
Wine Sector ◽  
Jel Classifications

AbstractIn recent years, several European antitrust authorities intervened in the wine sector to authorize mergers and acquisitions, provide opinions to governments, and ascertain anticompetitive agreements. This article analyzes these interventions in the context of an evolving regulatory framework. I draw conclusions about the direction of competition policy, in particular in relation to possible co-operations among various players in the wine industry. (JEL Classifications: K21, L40, L51)

scholarly journals Determinants of Wineries’ Decisions to Seek VQA Certification in the Canadian Wine Industry

2016 ◽  
Vol 12 (1) ◽  
pp. 16-36 ◽  
Author(s):  
Albert I. Ugochukwu ◽  
Jill E. Hobbs ◽  
Joel F. Bruneau
Keyword(s):  
Quality Assurance ◽  
Probit Model ◽  
The Other ◽  
Wine Industry ◽  
Detailed Data ◽  
Specification Test ◽  
Data Set ◽  
Important Development ◽  
Wine Sector ◽  
Jel Classifications

AbstractThe establishment of quality assurance systems is an important development in the wine sector, particularly so for new and emerging wine regions. Focusing on the Canadian wine industry, this article examines the determinants of a winery's decision to adopt Vintners Quality Alliance (VQA) certification for wines. The analysis also examines whether wineries seek VQA certification for higher-priced wines or whether VQA certification leads to higher wine prices. To examine the certification decision, a probit model is applied to a detailed data set of Canadian wines sold in Ontario over the period 2007–2012. Wines from wineries that supply large volumes of wines (more than 1,000 cases) are more likely to have VQA certification, as well as ice wines and wines from specific regions. A Hausman specification test for endogeneity suggests that VQA certification leads to higher wine prices and not the other way around. (JEL Classifications: D22, L15, L66, Q13)

Cooperatives versus Corporations: Survival in the French Wine Industry

2018 ◽  
Vol 13 (3) ◽  
pp. 328-354 ◽  
Author(s):  
Justine Valette ◽  
Paul Amadieu ◽  
Patrick Sentis
Keyword(s):  
Survival Rate ◽  
Mergers And Acquisitions ◽  
Recent Literature ◽  
Survival Rates ◽  
Parametric Models ◽  
Wine Industry ◽  
Traditional Theory ◽  
Business Environments ◽  
Jel Classifications

AbstractThis article examines the survival rates of cooperatives in the French wine industry. Traditional theory claims that cooperatives are inefficient and consequently are prone to failure, but recent literature suggests a higher resilience. Can cooperatives cope better? We find that French wine cooperatives survive longer than corporations. This result is robust in semi-parametric and parametric models, even when we control for mergers and acquisitions. The higher survival rate of wine cooperatives seems to be associated with their ability to pass changes in their business environments on to their members. (JEL Classifications: C41, G30, Q13)

scholarly journals The Rise and Fall of the World's Largest Wine Exporter—And Its Institutional Legacy

2014 ◽  
Vol 9 (1) ◽  
pp. 3-33 ◽  
Author(s):  
Giulia Meloni ◽  
Johan Swinnen
Keyword(s):  
Twentieth Century ◽  
First Century ◽  
Wine Industry ◽  
Wine Production ◽  
Wide Margin ◽  
The World ◽  
Wine Sector ◽  
Twenty First Century ◽  
Jel Classifications

AbstractThis paper analyzes the causes of the rise and the fall of the Algerian wine industry. It is hard to imagine in the twenty-first century global wine economy, but until about 50 years ago Algeria was the largest exporter of wine in the world—and by a wide margin. Between 1880 and 1930 Algerian wine production grew dramatically. Equally spectacular was the decline of Algerian wine production: today, Algeria produces and exports little wine. There was an important bidirectional impact between developments in the Algerian wine sector and French regulations. French regulations had a major impact on the Algerian wine industry, and the growth of the Algerian wine industry triggered the introduction of important wine regulations in France at the beginning of the twentieth century and during the 1930s. Important elements of these regulations are still present in European wine policy today. (JEL Classifications: K23, L51, N44, N54, Q13)

Divestiture and Its Market Reaction in a Consolidating Industry: The Global Brewing Industry

2021 ◽  
pp. 1-21
Author(s):  
Ludwig Erl ◽  
Florian Kiesel
Keyword(s):  
Mergers And Acquisitions ◽  
Capital Market ◽  
Market Reaction ◽  
Market Performance ◽  
Abnormal Returns ◽  
Brewing Industry ◽  
Efficiency Gains ◽  
Market Values ◽  
Jel Classifications ◽  
The Capital Market

Abstract This study provides a perspective on the market performance of divestitures in the global brewing industry. In 2018, the five largest players accounted for 60% of the global beer volume. We analyze to what extent the capital market values divestitures in an industry where players usually seek efficiency gains and growth through mergers and acquisitions. Based on a sample of 61 divestiture intent announcements in the period from 1999–2018, this study shows that publicly listed brewing groups experience significant positive abnormal returns of about 1.4%. We measure the influential effect of success determinants concerning the underlying industry, the divested business, the divestiture structure, and the divestor itself. (JEL Classifications: G14, G34, L25, Q14)

Criteria for Accrediting Expert Wine Judges

2013 ◽  
Vol 9 (1) ◽  
pp. 62-74 ◽  
Author(s):  
Robert Hodgson ◽  
Jing Cao
Keyword(s):  
Probability Distribution ◽  
Wine Industry ◽  
Ordinal Scale ◽  
Professional Experience ◽  
Wine Quality ◽  
Basic Premise ◽  
Definition Of ◽  
Jel Classifications

AbstractA test for evaluating wine judge performance is developed. The test is based on the premise that an expert wine judge will award similar scores to an identical wine. The definition of “similar” is parameterized to include varying numbers of adjacent awards on an ordinal scale, from No Award to Gold. For each index of similarity, a probability distribution is developed to determine the likelihood that a judge might pass the test by chance alone. When the test is applied to the results from a major wine competition, few judges pass the test. Of greater interest is that many judges who fail the test have vast professional experience in the wine industry. This leads to us to question the basic premise that experts are able to provide consistent evaluations in wine competitions and, hence, that wine competitions do not provide reliable recommendations of wine quality. (JEL Classifications: C02, C12, D81)

La riforma dei servizi pubblici locali: un cannone caricato a salve?

2009 ◽  
pp. 5-16
Author(s):  
Antonio Massarutto
Keyword(s):  
Key Words ◽  
Public Management ◽  
Policy Reform ◽  
Regulatory Framework ◽  
Design Issues ◽  
Auction Design ◽  
Competitive Tendering ◽  
Special Cases ◽  
Jel Classifications

- The Italian Parliament has recently passed a new reform of local utilities. Compulsory competitive tendering will be the rule, while direct public management will be confined only to very special cases. The article discusses the scope of the reform and its main weaknesses: the excessive width of the focus, the uncertainty on auction design issues and the lack of a proper regulatory framework besides the tender. Policy reform recommendations are proposed with the aim of informing the next phase of the policy, namely the translation of the frame legislation into detailed regulation.Key words: local utilities; liberalization.JEL classifications: L9, H4

Sustainability, Corporate Social Responsibility, and Corporate Reputation in the Wine Sector

2022 ◽  
pp. 696-720
Author(s):  
Barbara Iannone
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Corporate Reputation ◽  
Wine Industry ◽  
Business Practices ◽  
Comprehensive Overview ◽  
Business Interests ◽  
Framework Model ◽  
Wine Sector ◽  
Corporate Social

This article offers a comprehensive overview on the relationship between sustainability, corporate social responsibility (CSR), and corporate reputation (CR) by examining a field study case of a wine family firm located in the Abruzzo region of Italy. Through qualitative research methods, direct interviews to the family, social accountability, archives and observations of the company's life, information is organized in thematic areas suggesting the need of an alignment between environmental and business interests. The results are further used in proposing a framework model focused on the identification of key performance indicators (KPI). The main pillars of this concept are evaluating, monitoring and improving CR. The conclusion stresses the importance of replicating this type of modelling initiative with the purpose of professionalizing the wine industry into a more sustainable production and more successful business practices.

Networks Collaboration in Wine Sector SME

2020 ◽  
pp. 1136-1156
Author(s):  
Maria João Sousa Lima ◽  
Luísa Cagica Carvalho
Keyword(s):  
Supply Chain ◽  
International Markets ◽  
Industry Structure ◽  
Wine Industry ◽  
Global Markets ◽  
Product Characteristics ◽  
Wine Production ◽  
Wine Sector ◽  
Wine Region

Collaboration between companies, especially for SMEs, can increase their ability to compete in new global markets. The emergence of new wine-producing countries over recent decades allows to evaluate its impact on the performance of a collaborative supply chain in countries with wine production tradition. This chapter describes the collaboration in the interface wine-grower/wine maker in a Portuguese wine region (Setúbal Peninsula). It reveal that intensification of collaboration between wine companies could increase their competitiveness in the domestic and the international markets, due the benefits it endorses. It also exposes some factors that stand out as conditioners to the operationalization of a deep collaboration, restricting it to just a few activities. The results of a case study performed suggested that the wine industry structure and the product characteristics are factors that negatively influence the intensity and the extension of collaboration. Trust is the intangible element that stands out as critical to the intensity of collaboration.

The Scope of Sector-specific Regulation in the European Regulatory Framework for Electronic Communications

2003 ◽  
Vol 4 (12) ◽  
pp. 1307-1334
Author(s):  
Sascha Loetz ◽  
Andreas Neumann
Keyword(s):  
Competition Policy ◽  
National Level ◽  
Regulatory Framework ◽  
Electronic Communications ◽  
Ongoing Process ◽  
Telecommunications Act ◽  
European Regulatory ◽  
Specific Regulation

The European Community's (EC) regulatory framework for electronic communications contains many detailed and complicated regulations with regard to the content of sector-specific regulation in the field of telecommunications. Remarkably, though, it is rather reticent concerning the question which markets shall be subject to sector-specific regulation. In the ongoing process of transposition, this has caused much confusion and misunderstanding. This article therefore, strives to clarify the mechanism for determining which markets are, at least potentially, subject to sector-specific regulation provided by the Framework Directive (sub B.). At the national level, a draft of the German Telecommunications Acthas been presented by legal experts of the Federal Ministry of Economics and Labour on April 30th, 2003 (Draft German Telecommunications Act), and the subsequent Federal Government's draft act was published on October 15th, 2003 (Revised Draft German Telecommunications Act). These drafts may serve as an example of bringing sector-specific regulation in line with general insights of competition policy within the discretionary scope left by the regulatory framework of the EC (sub C.).

Sign in / Sign up

Export Citation Format

Share Document