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    THE COMMON WINE POLICY AND PRICE STABILIZATION

    Pierre Spahni, Avebury (Gower Publishing Ltd), Aldershot UK

    1988, 187 pages, ISBN 0-566-05400-0

    ***

    'If one day there are wine futures, we'll know where they come from.'
    Concluding statement by Prof. Denis Lucey, Univ.of Cork,
     on the day of submission of the eponymous
    doctoral dissertation (1986).
     

    ***

    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 (distillation)
    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