HIGHLIGHTS
- What: The authors explore the effects of counterfeiting on wine prices using the 2015 Sassicaia scandal as an example. The analysis shows that the counterfeiting event led to a significant increase in the price of the 2015 Sassicaia compared to other Sassicaia vintages and comparable Super Tuscan wines.
- Who: JEL classifications K and colleagues from the Department of Agricultural and Resource Economics, University of California Davis, Davis, CA, USA have published the paper: Unraveling the economic impact of wine counterfeiting: An analysis of the Sassicaia 2015 scandal and its consequences, in the Journal: (JOURNAL)
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