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Oct. 1, 2019

The prize acknowledges outstanding economic work, service to the association, and dedication to the discipline of wine economics. Pierre received the prize at the 2019 annual meeting of the American Association of Wine Economists (AAWE) in Vienna, Austria for his presentation "How big is the 'lemons' problem: Historical evidence from French appellation wines." The paper, co-authored with Ariel Ortiz-Bobea (Cornell University) and Emmanuel Paroissien (INRA, France), uses historical price data across French counties to measure the welfare effects of pioneering regulations that established the system of controlled wine appellations in France in the 1930s. Pierre and coauthors show large and significant impacts of the regulation on wine prices and welfare. The Christophe Baron Prize acknowledges outstanding economic work, service to the association, and dedication to the discipline of wine economics.

You can read more about the prize at the AAWE website. The paper is available on SSRN.

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