Following the decoupling of agricultural support from productions, the likelihood that payments get capitalised into farmland rent or sale prices has increased. In this study, the issue of capitalisation is examined for the case of regions in the EU and the three year (2006- 2008) time span...

Previous empirical literature suggests that agricultural subsidies are capitalized into farmland rents and that the introduction of the 2003 decoupling reform of the EU Common Agricultural Policy, attaching the subsidy to land only, might have even extended the phenomenon of capitalization....

In recent years food manufacturers have been devoting a large portion of their R&D budget to the development off functional foods, as a competitive strategy within food demand markets; on the other hand, consumers, despite functional foods exhibit a significant level of information asymmetry,...

A test for convergence in food tastes based on the estimation of a time-varying-parameter demand system is proposed; the test uses a notion of convergence in time series that looks at equality in the long-term forecasts of parameter estimates through cointegration techniques. An empirical...

Econometric models wishing to estimate relevant parameters for agricultural policy analysis are increasingly relying on unbalanced panels of farm-level data. Since in the agricultural economics literature such models have often been estimated through simplified approaches, in this paper we try...

The hypothesis of direct weak separability of the transformation function places fewer restrictions on production technology than those deriving from alternative multistage procedures based on indirect separability assumptions. We derive an explicit form of the necessary and sufficient...

We address the issue of structural change in demand analysis. After a brief discussion of the major problems and questions that arise in this context, the main body of the paper is devoted to a review of analytical methods that are relevant to investigating structural change in demand. This...

Micro-econometric demand modelling has been receiving an increasing attention in empirical research, mainly due to the increasing availability of micro-data. In this paper we provide a review of some relevant market and policy issues that can be analysed with the use of micro-data on demand....

Mycotoxins contamination in food is a serious source of health risks. This paper evaluates the Italian consumers’ perception of the mycotoxins’ risk through their willingness to pay (WTP) for a hypothetical bottle of milk obtained by cows fed with, inter alia, maize certified for...