The Australian wine auction market is characterised by large variations in price between different vintages of the same wine. Yet the release prices of those wines exhibit considerably less volatility. This paper addresses the question: to what extent can we anticipate the future price of such...

To what extent can the future price of icon wines be anticipated from information available at the time of their initial sale by wineries? Using a hedonic model we show that weather variables and changes in production techniques, along with the age of the wine, have significant power in...

A global economy-wide model (GTAP) is used to go beyond estimating how GM crop variety adoption affects adopting and non-adopting economies, with or without policy responses to this technology, by indicating effects also on real incomes of farmers. The results suggest the EU moratorium on...