Vinonomics – Mouton Cadet pricing


11 Aug – see this article on 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...