The new EU Animal Health Strategy suggests ashift in emphasis away from control towards preventionand surveillance activities for the management of threatsto animal health. The optimal combination of theseactions will differ among diseases and depend on largelyunknown and uncertain costs and...

One of the most important targets ofthe Common Agricultural Policy (CAP) is to facilitatethe spatial integration of agricultural markets within theindividual member states as well as within the Community.On a spatially integrated market, price informationshould freely flow between member states....

This work provides a comparison of methodologies for applied research in price transmission analysis. We compare two regime-dependent econometric models, namely the threshold vector error correction model and the Markov-switching vector error correction model. We first provide a conceptual...

Greenhouse gas (GHG) emissions are an externality of the pork production process. To respond to climate change concerns and reduce GHG emissions, internalizing this exter-nal effect using a market-based economic instrument would be economically efficient. We calculate the welfare effects of GHG...

Due to the complexity of general and partialequilibrium models, conventional sensitivity analysis,qualitative reviews or literature-based meta-analyses donot allow for detailed assessments of the role ofindividual parameters and policy shocks across differentmodels. Therefore, the partial...

We propose a three-step procedure toestimate a regime-dependent vector error correctionmodel (VECM). In this model, not only the short-runadjustment process towards equilibrium is non-linear,as in threshold VECM and Markov switching VECMframeworks, but the long-run equilibrium relationshipitself...