Vinonomics – Mouton Cadet pricing

11 Aug – see this article on www.wineeconomist.com by Professor Mike Veseth  inspired by the analysis below. He is very keen that we fill in some of the gaps below so do please help – especially those of you in Russia and India.

First there was Burgernomics, then Freakonomics – now introducing Vinonomics. In each case, something seemingly everyday is used to illustrate an economic idea. My version takes a widely distributed wine brand and compares unit price in various different countries. I have no point to prove or axe to grind with this experiment, just a hope that it...