This paper outlines the impact that the Uruguay Round Agreement on Agriculture (URAA) has had on the Common Agricultural Policy (CAP) of the European Union (EU), and the potential impact of the Agreement's constraints through to 2000. It notes that Agenda 2000 was driven more by the need to...

Risk aversion has been considered a factor in mitigating the moral hazard problem in agri-environmental policy. If farmers face multiple sources of uncertainty, however, risk aversion could contribute to the problem. Focusing on a required reduction in the use of a potentially damaging input...

This paper examines the effects of both import quotas and foreign export subsidies on the size of rents from U.S. cheese imports and their division among importers, exportersi, and the government. The analysis suggests that consumers pay a hefty portion of the wholesale price in rents and...