AAWE #69 and #70 latest wine economics papers

AAWE Working Paper No. 69 Economics
Do public monopolies maximise welfare or profit? This paper by Katja Seim and Joel Waldfogel looks at the example of the Pennysylvania Liquor Control Board. 

Public Monopoly and Economic Efficiency: Evidence from the Pennsylvania Liquor Control Board’s Entry Decisions
Katja Seim and Joel Waldfogel

AAWE President Orley Ashenfelter says that maybe this means that wine and liquor monopolies are not all bad! Read his blog here.

AAWE Working Paper No. 70 Economics
Return to Wine: a Comparison of the Hedonic, Repeat Sales, and Hybrid Approaches
James J. Fogarty and Callum Jones


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