While the evolution of the Common Agricultural Policy (CAP) until 2013 is clear, European Union (EU) budgetary pressures and the perceived unfairness of the distribution of CAP support across Member States has lead to uncertainty over the design of the CAP post 2013. One comprehensive reform...

This paper presents an analysis of the impact of different direct payment policy scenarios on agricultural markets for 10 new EU member states (NMS). The study is based on the AGMEMOD EU-27 dynamic econometric partial equilibrium models. The baseline scenario assumes the preservation of current...

PART I -- Introduction -- 1. Background -- 2. Model Structure and Parameterisation -- 3. AGMEMOD Model -- PART II -- 4. EU Market Outlook -- 5. The CAP Beyond 2013 -- 6. Conclusions and Future Work -- Index

This paper presents a general procedure inspired by the Shapley value for decomposing any inequality indices by factor components or by sub-populations. To do so we define an inequality game. Despite the fact that the characteristic function is not super-additive in general and that the...

This paper presents a general procedure for decomposing income inequality measures by income sources. The methods of decomposition proposed are based on the Shapley value and extensions of the Shapley value of transferable utility cooperative games. In particular, we find that Owen’s value can...