In consequence of strong changes in general economic conditions, adjustments in the agricultural sector can be expected. To date, however, there are only few policy impact analyses on agricultural investments in a dynamic-stochastic context. The objective of this paper is to develop a real...

Although important, the spatial dimension is often neglected in studies of market power and competition in agricultural markets. This paper investigates spatial competition for raw milk between dairies under the presence of marketing cooperatives. Since observed in reality, our model is based on...

This paper presents a new type of spatial and dynamic model for analysing structural change in agriculture. The model is based on a number of individually acting farms located at different points in an agricultural region. Like a cellular automation, the region is subdivided into a number of...