Work

The impact of hail on retail wine sales: Evidence from Switzerland

Year: 2022

Type: article

Abstract: This paper uses a difference-in-differences approach to analyze the treatment effect of a hail weather shock in a specific Swiss wine-growing region. We exploit a natural experiment from Switzerland's Three Lakes wine region in 2013 and examine its impact on the country's retail market. We find statistically significant (1%-level) effects of –22.8% and +2.8% for the volume and price of wine consumed, respectively. These effects can be interpreted as average treatment effects, which is the difference in outcomes between treatment and control groups using a pre-post shock study methodology. Several robustness checks confirm the statistical significance of the estimated effects and the initial assumptions.

Source: Journal of Wine Economics

DOI: 10.1017/jwe.2022.18

Author: Alexandre Mondoux

Institutions: HES-SO University of Applied Sciences and Arts Western Switzerland, CHANGINS - Haute école de viticulture et œnologie

Language: English

Topic: Wine Industry and Tourism

Subfield: Tourism, Leisure and Hospitality Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Zero hunger

Open Access status: hybrid

Estimated APC paid: $3,255