All you ever wanted to read about the economics of wine

Wine lovers (like Thaler) will want to check out the Wine Economics blog maintained by the American Association of Wine Economists. Serious wine collectors should take note of a paper (you need to create a free account to read the whole piece) by two Cornell professors, touted as the ” first scientific approach to optimizing a personal wine cellar.” The Excel graph for maintaining a 720 bottle cellar for short-, medium-, and long-hold wines, over 40-year time span, and a wine budget of $20 per bottle is reposted below.

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