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...

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...