Mendoza is the main wine-producing province of Argentina, and the government is currently implementing a range of policies that seek to improve grape grower profitability, including a vineyard replanting program. This study uses a dataset of all grape sales recorded in Mendoza from 2007 to 2018, totaling 90,910 observations, to investigate the determinants of grape prices. Key findings include: smaller volume transactions receive lower-average prices per kilogram sold; the discount for cash payments is higher in less-profitable regions; and the effect of wine stock levels on prices is substantial for all varieties. Long-run predicted prices are also estimated for each variety, and region; and these results suggest that policymakers should review some of the varieties currently used in the vineyard replanting program. (JEL Classifications: Q12, Q13, Q18)

中文翻译：

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模拟门多萨的葡萄价格动态：决策者的经验教训

门多萨是阿根廷的主要葡萄酒生产省，政府目前正在实施一系列旨在提高葡萄种植者盈利能力的政策，包括葡萄园重新种植计划。本研究使用 2007 年至 2018 年在门多萨记录的所有葡萄销售数据集，总计 90,910 次观察，来调查葡萄价格的决定因素。主要调查结果包括：较小的交易量每公斤销售的平均价格较低；在利润较低的地区，现金支付的折扣更高；葡萄酒库存水平对所有品种的价格影响都很大。还估算了每个品种和地区的长期预测价格；这些结果表明政策制定者应该审查目前在葡萄园重新种植计划中使用的一些品种。（JEL 分类：Q12、Q13、