On 29 November 2005, the European Union (EU) unilaterally introduced a tariff of 176 per tonne to apply from 1 January 2006 to bananas imported from countries enjoying the Most Favoured Nation (MFN) status. The new EU trade policy includes a duty-free annual import quota of 775,000 tonnes for...

The European Union has launched an ambitious policy aiming at increasing the use of biofuels in land transport “with a view to contributing to objectives such as meeting climate change commitments, environmentally friendly security of supply and promoting renewable energy sources”. Another...

This paper investigates the relationship between CAP direct payments and managerial efficiency for French crop and beef farms. Managerial efficiency scores are calculated using a four-step approach that allows to disentangle managerial inefficiency from other technical inefficiency components,...

This paper proposes an analytical framework allowing estimation of the effects of the new instrumentation of the CAP in the arable crop sector--price cuts, compensatory payments and land set-aside schemes--on crop acreage allocations, supplies and yields. Duality theory is used to model crop...

The paper examines the effect of rationing outputs and inputs on producer behaviour. Full representation of the modified supply-demand system after rationing, including shadow prices for the constrained netputs, is derived from the unrestricted profit function before rationing, and vice-versa....

We use a partial equilibrium two-country model, with two vertically related markets, with perfect competition in the primary good sector and with a fixed number of processing firms in each country, characterized by a Cournot behavior upstream and downstream. In the first stage of the game, the...

Dans le cadre des réflexions conduites sur l’avenir de la Politique agricole commune (PAC), la question du mode d’octroi des aides directes aux exploitations agricoles occupe une place de choix : les Etats membres doivent s’accorder, dans un contexte économique délicat, sur le futur...

This paper investigates the relationship between CAP direct payments and managerial efficiency for French crop farms. Managerial efficiency scores are calculated using a four-step approach that allows to disentangle managerial inefficiency from other technical inefficiency components, notably...