Who Profits from Global Warming? Producer vs. Retail Prices in Germany Karl Storchmann New York University & KEDGE Business School Bordeaux
Who Profits from Global Warming? Producer vs. Retail Prices in Germany Karl Storchmann New York University & KEDGE Business School Bordeaux.
Jan 14, 2016
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Who Profits from Global Warming? Producer vs. Retail Prices in
Germany
Karl StorchmannNew York University &
KEDGE Business School Bordeaux
Wholesale and Retail PricesSketch
year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
0
5
10
15
20
25
30
35
40
wholesaleretail
Marginal Effects
Wine Prices for Mosel, Rheingau and Nahe1994-2001
Retail Prices(Gault Millau Wine Guide, n= 10412) Wholesale Prices
for winery (Wine Fair Mainz, n=1210)
n=1105
Distribution of Wholesale Prices
Distribution of Retail Prices
Marginal Age Effects for Price QuantilesWholesale and Retail Prices
0.05 0.1 0.15 0.2 0.25 0.3 0.35 0.4 0.45 0.5 0.55 0.6 0.65 0.7 0.75 0.8 0.85 0.9 0.95
-0.1
0
0.1
0.2
0.3
0.4
0.5
0.6
age_fairage_gault
Marginal Temperature Effects for Price QuantilesWholesale and Retail Prices
0.05 0.1 0.15 0.2 0.25 0.3 0.35 0.4 0.45 0.5 0.55 0.6 0.65 0.7 0.75 0.8 0.85 0.9 0.950
0.01
0.02
0.03
0.04
0.05
0.06
0.07
0.08
0.09
temp_fairtemp_gault
Marginal Effects of Temperature and Age on Retail Margins
0.05 0.1 0.15 0.2 0.25 0.3 0.35 0.4 0.45 0.5 0.55 0.6 0.65 0.7 0.75 0.8 0.85 0.9 0.95
-0.1
0
0.1
0.2
0.3
0.4
0.5
0.6
0.7
age_difftemp_diff
Marginal Impact of Growing Season Temperatures on Percentage Retail Margins
by Price Quantile
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
0.50
0.55
0.60
0.65
0.70
0.75
0.80
0.85
0.90
0.95
-2
-1
0
1
2
3
4
5
6
7
cool vintagewarm vintage
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