The AGMEMOD Partnership seeks to capture the inherent heterogeneity of the agricultural systems existing by combining individual country models of 27 EU Member States and several accession countries into one single model while still maintaining analytical consistency. Although this approach...

This paper analyses the horizontal transmission of cereal price shocks both across different market places and across different commodities. The analysis is carried out using Italian and international weekly spot (cash) price data and concentrating the attention on years 2006-2010, a period of...

This paper aims at making the world price endogenous within the AGMEMOD modelling approach. This approach constructs country-level commodity market models where supply and demand sides are equalized on the basis of the observed domestic prices. These prices are endogenous as they depend (price...

Agent-based models (AMB) allow to conceive social systems as the result of individually-acting agents. When they are applied to agriculture, they can simulate the fundamental behaviour at the micro-level of the individual farmers, without the need of aggregating them in “representative”...

The public R&D capital stock is introduced as a quasi-fixed input in a variable cost function. The relative shadow price allows the correct measurement of the equilibrium levels of quasi-fixed inputs thus explicitly assessing the hypothesis of public R&D under (over) investment. By introducing...

Replaced with revised version of paper 03/03/11.

This paper aims at evaluating the impact of the 2003/2005 CAP reform on farm production choices. The outcome of “market orientation” is measured by considering both the short-term production choices and the long-term investment decisions. The Treatment Effect (TE) is estimated through recent...

This study investigates the impact on the economy of the Italian region of the Sardinia generated by a new biomass power plant that will be fed with locally cultivated cardoon. The cardoon will also serve the production of biopolymers. The impact is assessed at an economy-wide level using a...