IDEAS home Printed from https://ideas.repec.org/p/eca/wpaper/2013-229780.html
   My bibliography  Save this paper

On Judging Art and Wine

Author

Listed:
  • Victor Ginsburgh

Abstract

In this chapter, I show that evaluating wine is very close to evaluating art, but that the gradings or rankings that follow often result in bullshit, within the meaning given to it by philosopher Harry Frankfurt (2005).

Suggested Citation

  • Victor Ginsburgh, 2016. "On Judging Art and Wine," Working Papers ECARES ECARES 2016-21, ULB -- Universite Libre de Bruxelles.
    • Handle: RePEc:eca:wpaper:2013/229780
    as

    Download full text from publisher

    File URL: https://dipot.ulb.ac.be/dspace/bitstream/2013/229780/3/2016-21-GINSBURGH-onjudging.pdf
    File Function: Full text for the whole work, or for a work part
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hodgson, Robert T., 2009. "An Analysis of the Concordance Among 13 U.S. Wine Competitions," Journal of Wine Economics, Cambridge University Press, vol. 4(1), pages 1-9, April.
    2. V. Ginsburgh & Sheila Weyers, 2014. "Nominees, winners, and losers," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 38(4), pages 291-313, November.
    3. Goodwin, Craufurd, 2006. "Art and Culture in the History of Economic Thought," Handbook of the Economics of Art and Culture, in: V.A. Ginsburgh & D. Throsby (ed.), Handbook of the Economics of Art and Culture, edition 1, volume 1, chapter 2, pages 25-68, Elsevier.
    4. Victor A. Ginsburgh & Jan C. van Ours, 2003. "Expert Opinion and Compensation: Evidence from a Musical Competition," American Economic Review, American Economic Association, vol. 93(1), pages 289-296, March.
    5. Ginsburgh, Victor & Zang, Israel, 2003. "The museum pass game and its value," Games and Economic Behavior, Elsevier, vol. 43(2), pages 322-325, May.
    6. Hodgson, Robert T., 2009. "How Expert are “Expert” Wine Judges?," Journal of Wine Economics, Cambridge University Press, vol. 4(2), pages 233-241, January.
    7. Victor Ginsburgh & David Throsby, 2006. "Handbook of the economics of art and culture," ULB Institutional Repository 2013/1673, ULB -- Universite Libre de Bruxelles.
    8. Ginsburgh, Victor & Zang, Israël, 2012. "Shapley Ranking of Wines," Journal of Wine Economics, Cambridge University Press, vol. 7(2), pages 169-180, November.
    9. Storchmann, Karl, 2012. "Wine Economics," Journal of Wine Economics, Cambridge University Press, vol. 7(1), pages 1-33, May.
    10. Kelvin J. Lancaster, 1966. "A New Approach to Consumer Theory," Journal of Political Economy, University of Chicago Press, vol. 74(2), pages 132-132.
    11. Borges, José & Real, António C. & Cabral, J. Sarsfield & Jones, Gregory V., 2012. "A New Method to Obtain a Consensus Ranking of a Region's Vintages’ Quality," Journal of Wine Economics, Cambridge University Press, vol. 7(1), pages 88-107, May.
    12. Hodgson, Robert & Cao, Jing, 2014. "Criteria for Accrediting Expert Wine Judges," Journal of Wine Economics, Cambridge University Press, vol. 9(1), pages 62-74, May.
    13. Ashton, Robert H., 2011. "Improving Experts' Wine Quality Judgments: Two Heads Are Better than One," Journal of Wine Economics, Cambridge University Press, vol. 6(2), pages 160-178, October.
    14. Hodgson, Robert T., 2008. "An Examination of Judge Reliability at a major U.S. Wine Competition," Journal of Wine Economics, Cambridge University Press, vol. 3(2), pages 105-113, January.
    15. Victor Ginsburgh & Sheila Weyers, 2010. "On the formation of canons :The dynamics of narratives in art history," ULB Institutional Repository 2013/151575, ULB -- Universite Libre de Bruxelles.
    16. Cardebat, Jean-Marie & Figuet, Jean-Marc & Paroissien, Emmanuel, 2014. "Expert Opinion and Bordeaux Wine Prices: An Attempt to Correct Biases in Subjective Judgments," Journal of Wine Economics, Cambridge University Press, vol. 9(3), pages 282-303, December.
    17. Weil, Roman L., 2007. "Debunking Critics' Wine Words: Can Amateurs Distinguish the Smell of Asphalt from the Taste of Cherries?," Journal of Wine Economics, Cambridge University Press, vol. 2(2), pages 136-144, October.
    18. Quandt, Richard E., 2006. "Measurement and Inference in Wine Tasting," Journal of Wine Economics, Cambridge University Press, vol. 1(1), pages 7-30, April.
    19. Victor Ginsburgh, 2003. "Awards, Success and Aesthetic Quality in the Arts," Journal of Economic Perspectives, American Economic Association, vol. 17(2), pages 99-111, Spring.
    20. Cicchetti, Domenic V., 2009. "A Proposed System for Awarding Medals at a Major U.S. Wine Competition," Journal of Wine Economics, Cambridge University Press, vol. 4(2), pages 242-247, January.
    21. Hutter, Michael & Shusterman, Richard, 2006. "Value and the Valuation of Art in Economic and Aesthetic Theory," Handbook of the Economics of Art and Culture, in: V.A. Ginsburgh & D. Throsby (ed.), Handbook of the Economics of Art and Culture, edition 1, volume 1, chapter 6, pages 169-208, Elsevier.
    22. Ashton, Robert H., 2012. "Reliability and Consensus of Experienced Wine Judges: Expertise Within and Between?," Journal of Wine Economics, Cambridge University Press, vol. 7(1), pages 70-87, May.
    23. Klimmek, Martin, 2013. "On the Information Content of Wine Notes: Some New Algorithms?," Journal of Wine Economics, Cambridge University Press, vol. 8(3), pages 318-334, December.
    24. Ashenfelter, Orley & Jones, Gregory V., 2013. "The Demand for Expert Opinion: Bordeaux Wine," Journal of Wine Economics, Cambridge University Press, vol. 8(3), pages 285-293, December.
    25. Peacock, Alan, 2006. "The Arts and Economic Policy," Handbook of the Economics of Art and Culture, in: V.A. Ginsburgh & D. Throsby (ed.), Handbook of the Economics of Art and Culture, edition 1, volume 1, chapter 32, pages 1123-1140, Elsevier.
    26. Ashton, Robert H., 2013. "Is There Consensus Among Wine Quality Ratings of Prominent Critics? An Empirical Analysis of Red Bordeaux, 2004–2010," Journal of Wine Economics, Cambridge University Press, vol. 8(2), pages 225-234, November.
    27. Quandt, Richard E., 2007. "On Wine Bullshit: Some New Software?," Journal of Wine Economics, Cambridge University Press, vol. 2(2), pages 129-135, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Olivier Gergaud & Victor Ginsburgh & Juan D. Moreno-Ternero, 2020. "Wine Ratings," Working Papers ECARES 2020-38, ULB -- Universite Libre de Bruxelles.
    2. Gergaud, Olivier & Ginsburgh, Victor & Moreno-Ternero, Juan D., 2021. "Wine Ratings: Seeking a Consensus among Tasters via Normalization, Approval, and Aggregation," Journal of Wine Economics, Cambridge University Press, vol. 16(3), pages 321-342, August.
    3. Clarissa Laura Maria Spiess Bru, 2023. "Does the Tasting Note Matter? Language Categories and Their Impact on Professional Ratings and Prices," Working Papers Dissertations 105, Paderborn University, Faculty of Business Administration and Economics.
    4. Pecchioli, Bruno & Moroz, David, 2023. "Do geographical appellations provide useful quality signals? The case of Scotch single malt whiskies," Economic Modelling, Elsevier, vol. 124(C).
    5. Victor Ginsburgh & Juan D. Moreno-Ternero, 2023. "The Eurovision Song Contest: voting rules, biases and rationality," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 47(2), pages 247-277, June.
    6. Jean-Marie Cardebat & Paola Corsinovi & Davide Gaeta, 2018. "Do Top 100 wine lists provide consumers with better information?," Economics Bulletin, AccessEcon, vol. 38(2), pages 983-994.
    7. Nicolas Lagios & Pierre-Guillaume Méon, 2021. "Experts, Information, Reviews, and Coordination: Evidence on How Literary Prizes Affect Sales," Working Papers CEB 21-011, ULB -- Universite Libre de Bruxelles.
    8. Francesco Angelini & Massimiliano Castellani, 2019. "Cultural and economic value: a critical review," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 43(2), pages 173-188, June.
    9. Victor Ginsburgh & Sheila Weyers, 2008. "Quantitative approaches to valuation in the arts, with an application to movies," ULB Institutional Repository 2013/7292, ULB -- Universite Libre de Bruxelles.
    10. Barberà, Salvador & Bossert, Walter & Moreno-Ternero, Juan D., 2023. "Wine rankings and the Borda method," Journal of Wine Economics, Cambridge University Press, vol. 18(2), pages 122-138, May.
    11. V. Ginsburgh & Sheila Weyers, 2014. "Nominees, winners, and losers," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 38(4), pages 291-313, November.
    12. Storchmann, K., 2011. "Wine Economics: Emergence, Developments, Topics," International Journal of Agricultural Sciences and Technology (IJAGST), SvedbergOpen, vol. 50(3), September.
    13. John Ashworth & Bruno Heyndels & Kristien Werck, 2010. "Expert judgements and the demand for novels in Flanders," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 34(3), pages 197-218, August.
    14. Gustavo Fernandes Souza & Ana Flávia Machado & Edson Paulo Domingues, 2019. "Economic impacts of the vale-cultura (culture voucher): a computable general equilibrium model," Textos para Discussão Cedeplar-UFMG 595, Cedeplar, Universidade Federal de Minas Gerais.
    15. Jacobo Núñez & David Martín‐Barroso & Francisco J. Velázquez, 2024. "The hedonic price model for the wine market: A systematic and comparative review of the literature," Agricultural Economics, International Association of Agricultural Economists, vol. 55(2), pages 247-264, March.
    16. Féidhlim P. McGowan, 2024. "The rule of tome? Longer novels are more likely to win literary awards," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 48(2), pages 311-329, June.
    17. Outreville, 2015. "The market structure-performance relationship applied to the Canadian wine industry," Applied Economics Letters, Taylor & Francis Journals, vol. 22(18), pages 1486-1492, December.
    18. Wallentin, Erik, 2016. "Demand for cinema and diverging tastes of critics and audiences," Journal of Retailing and Consumer Services, Elsevier, vol. 33(C), pages 72-81.
    19. Emmanuel Paroissien & Michael Visser, 2020. "The Causal Impact of Medals on Wine Producers' Prices and the Gains from Participating in Contests," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(4), pages 1135-1153, August.
    20. Menival, David & Charters, Steve, 2014. "The impact of geographic reputation on the value created in Champagne," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 58(2), April.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eca:wpaper:2013/229780. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Benoit Pauwels (email available below). General contact details of provider: https://edirc.repec.org/data/arulbbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.