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The rational cavist

Author

Listed:
  • W. C. LABYS
  • B. C. COHEN
  • C. W. YANG

Abstract

This note summarizes the results of an empirical investigation of fine wines as an investment. While other literature has examined this investment value in relation to other assets, the present study employs the portfolio approach to help select among different wines that possess separate risk-return characteristics.

Suggested Citation

  • W. C. Labys & B. C. Cohen & C. W. Yang, 1981. "The rational cavist," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 8(4), pages 519-525.
    • Handle: RePEc:oup:erevae:v:8:y:1981:i:4:p:519-525.
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    File URL: http://hdl.handle.net/10.1093/erae/8.4.519
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    Cited by:

    1. Florine Livat, 2007. "Mesure des interactions de prix : une analyse des modalités de substitution parmi sept vins de Bordeaux," Économie et Prévision, Programme National Persée, vol. 180(4), pages 127-145.

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