We develop a two-stage political economy model that explicitly models the complexity of decision-making in the European Union on the Common Agricultural Policy, and we derive how the institutional design affects the outcome and the influence of the various agents involved, and the likelihood of...

Farm restructuring in post-communist transition countries has resulted in a broad range of farm types, such as cooperatives, companies, partnerships and sole proprietorships. This study examines which factors affect production organization choices of rural households with an emphasis on the role...

We analyze the impact of assistance programs offered by food processors to supplying farms based on an original survey of dairy farms and companies in Poland. The results show that these programs have had a significant impact at the farm level: on on-farm investments; product quality; and farm...

We estimate the effect of democratic transitions on agricultural protection in a sample of 74 developing and developed countries, observed in the 1955-2005 period. We employ both differences-in-differences regressions and semi-parametric matching methods, exploiting the time series and...

Studies on efficiency changes in transition agriculture yield mixed results. This paper develops both a theoretical model of efficiency changes during transition and uses a unique set of representative farm survey data to assess efficiency changes during transition. We find that reforms have a...

The paper provides an explanation for the wide variation in agricultural labour adjustments during transition. In particular, we analyse how various factors including initial conditions, price liberalisation, subsidy cuts, and institutional reforms affecting ownership of assets and the...

The relationship between price uncertainty and specific investment is examined in a dynamic model that integrates the theories of real options and investment holdup. Because of weak contract enforcement, bilateral firms cannot use a contract to govern their bilateral investment and exchange...