After an extended process of reform the European Union has introduced direct payments to farmers which are decoupled from production decisions as a central element of its Common Agricultural Policy. They are also referred to as Single Farm Payments. In this paper we analyze the production and...

This paper outlines DEBET (Decision Based Economic Theory), a method for determining revealed preferences of governments. DEBET is applied to US wheat policy decisions in the 1980s. This method has a number of advantages over alternative approaches to the analysis of revealed preferences of...

The Common Agricultural Policy (CAP) of the European Union has been in a process of reform since the early 1990s. As a result of reforms, agricultural market regulations have become more liberal and direct payments have been introduced which are to a large extent decoupled from production. In...

Public choice in agriculture is an emerging field in agricultural economic research. The paper's focus is on the determinants of the U.S. wheat producer support price. The econometric time-series analysis suggests that this price is largely determined by the previous price, the expected U.S....

The Common Agncultural Policy (CAP) of the European Commumty (EC) has contributed considerably to turbulence in agriculture. In this paper, a model of the determinants of EC price policies is developed and tested empmcally. The results show that the annual decisions on agncultural pnces m the EC...