What is distinctive about the economics of wine? Wine’s health benefits stir debate, but many appreciate life-enhancing qualities from its production and enjoyment. Few products enjoy such wide distribution, rich history, and interest. This book emphasizes microeconomic principles and related research – drawing upon various fields from international trade to public choice, relating economic reasoning to management. Topics range from economic fundamentals to the challenge of knowing what is in the bottle and the importance of wine as a cultural good.
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Transacting the Elixir of Life
Markets Meet the Environment in Unexpected Places
Laura E. Huggins
In this innovative book, Laura E. Huggins finds path breaking entrepreneurial solutions to difficult environmental challenges in some of the world’s poorest areas. The approaches entrepreneurs are taking to these challenges involve establishing property rights and encouraging market exchange. From beehives to barbed wire, these tools are creating positive incentives and promoting both economic development and environmental improvements. The case studies are from the developing world and reveal where the biggest victories for less poverty and more conservation can be won. The pursuit begins by learning from local people solving local problems.
Edited by Ariel Dinar and Robert Mendelsohn
This book explores the interaction between climate change and the agriculture sector. Agriculture is essential to the livelihood of people and nations, especially in the developing world; therefore, any impact on it will have significant economic, social, and political ramifications. Scholars from around the world and from various fields have been brought together to explore this important topic.
An Economic Analysis of Global Impacts, Adaptation and Distributional Effects
Robert Mendelsohn and Ariel Dinar
Despite its great importance, there are surprisingly few economic studies of the impact of climate on agriculture and how agriculture can adapt under a variety of conditions. This book examines 22 countries across four continents, including both developed and developing economies. It provides both a good analytical basis for additional work and solid results for policy debate concerning income distributional effects such as abatement, adaptation, and equity.
Theory and Practice in Australia
Edited by Jeff Bennett
This book presents a detailed picture of the evolutionary processes at work in water markets with a particular focus on theory and practice in Australia. Policymakers are striving to strike a balance between the pros and cons of a property rights/market based approach to the allocation of water resources, as opposed to an approach that centres on government regulation. The current movement in Australia is toward the use of markets, and numerous reforms are either underway or under consideration in that direction. This provides an ideal opportunity to observe the factors at play in determining the balance and hence the mix of policy instruments at work. The distinguished contributors offer a range of perspectives – economic, legal, environmental – and combine conceptual analysis with evidence from real policy decisions.