We argue in this paper that available econometric estimates of farmers’ risk aversion do notmeasure true farmers’ preferences towards risky outcomes. Available analyses are mostly ofstatic nature and indeed measure the parameters of the synthetic optimal value function ratherthan the deep...

When building an economic model for supply analysis the aim is to model a decision makingprocess of one or more agents which fits the observed practice as good as possible. Hereby themodeller is often confronted with incomplete information about the production process; particularcrop specific...

This paper presents a short comparative analysis of USDA and FAPRI projections for world wheat market prices until 2005. The relevance of different model assumptions regarding assumed inflation, exchange rates, policy parameters as well as shifts in demand and production development are...

This paper makes a contribution to the application of nonlinear simultaneous equations estimation and nonparametric Bootstrapping techniques. The nonlinear demand model estimation work in this paper is in the context of the newly developed Quadratic Almost Ideal Demand System (QUAIDS) model, and...

General economic developments as well asrecent fundamental changes in the CommonAgricultural Policy will likely impact significantly on theEuropean farm structure. Although a decline of totalfarm numbers continues to be the general observation,important differences occur across regions and...

Ongoing bilateral trade negotiations between the Mercosur group and the EU since 2000 onagricultural products served as incitement to analyse the impacts of possible outcomes. The objectiveof this paper is to quantitatively assess impacts of bilateral liberalisation scenarios on EU25 andMercosur...

Foreign direct investment (FDI) is knownas a very relevant driver of economic growth and hasfound increased attention in recent trade research.Existing theories differ, however, in their conclusionregarding the relation between trade in goods and FDI:they appear to be either complements or...

Technical change at the farm level or changes ininput prices often entail that the firm's supply functionchanges. These changes can take place in numerous ways. Thispaper presents a methodology that increases the consistency insupply responses across various sets of agricultural productsand farm...