Who Profits from Global Warming? Producer vs. Retail Prices in Germany Karl Storchmann New York University & KEDGE Business School Bordeaux.

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Presentation transcript:

Who Profits from Global Warming? Producer vs. Retail Prices in Germany Karl Storchmann New York University & KEDGE Business School Bordeaux

Wholesale and Retail Prices Sketch

Marginal Effects

Wine Prices for Mosel, Rheingau and Nahe Retail Prices (Gault Millau Wine Guide, n= 10412) Wholesale Prices for winery (Wine Fair Mainz, n=1210) n=1105

Distribution of Wholesale Prices

Distribution of Retail Prices

Marginal Age Effects for Price Quantiles Wholesale and Retail Prices

Marginal Temperature Effects for Price Quantiles Wholesale and Retail Prices

Marginal Effects of Temperature and Age on Retail Margins

Marginal Impact of Growing Season Temperatures on Percentage Retail Margins by Price Quantile