CONTENTS
List of tables
List of figures
List of abbreviations
Preface
Foreword
PART 1 THE COMMON WINE POLICY
1. Introduction
2. Background: French interventionism
The Wine Statute
AOC legislation
Postwar policies
3: Integration
The birth of the EC
The rise of the CAP
Regulation 24
Trade barriers
Production and marketing in Italy
Comparative advantage
France's U-turn
Negotiating the CAP
Germany and Luxembourg
4. The Common Wine Policy
816, 817
Trade regime (border protection)
Prices and intervention (price support)
First review
A common structural policy
Market
Second review
PART 2 PRICE STABILIZATION
5. Introduction
6. Possible gains from partial price stabilization in wine
Risk and stabilization
Welfare gains
Stability in demand
7. Wine price changes
A basic model for price changes
Italy
France
8. Price support, stabilization and the Common Wine Policy
Direct price support (distiIlation)
Stabilization
References
Appendices
Al. Abstract of basic regulations
A2. Data, results and mathematical note
Index
*****
Tables
Classification of wines
Wine production
Acreage and farm structure
France in the 1930s
Winemaking in Italy
Italian co-operative wineries
Major price support arrangements
Community distillations (by Member State)
Community distillations (by measure)
FEOGA expenditure
Possible gains from price stabilization
Trends and variability in real prices
Average yields
Wine supply balances
Wholesaler's hedge
Producer's hedge
Data for Italy
Data for France
Results for Italy
Results for France
Figures
Production and consumption in France
French trade
Inventories in France
French producer prices
Production and consumption in Italy
Italian inventories and trade
Italian producer prices
Tariff and trade
Intervention
Common prices
Average producer prices
Supply, demand and trade for the Ten
Support and substitution
Transfer benefit to producers
Risk benefit to producers
Italian producer prices
French producer prices
The dynamics of price changes in Italy
The dynamics of price changes in France
Supply and demand for the Twelve
Restricted supply
Pierre Spahni - Economic Research & Consultancy for Wine - Tel +41 22 800 1607 Fax 800 1608
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