abstract currently unavailable

The necessary and sufficient conditions for direct weak separability are used to derive restrictions on the parameters of the Almost Ideal (AI) demand system, yielding a systematic way of restricting the parameter space that may be useful for estimating large demand systems. The proposed method...

This paper analyzes the impacts of policy reforms in the EU dairy sector. It is shown that the imple-mentation of GATT agreements leads to a 4% decrease in the milk price. Prices of SMP and WMP decrease more than butter and cheese prices. EU welfare increases marginally, but distributive effects...

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Innovation is essential for sustaining growth and economic development in a world that faces population increase, natural resource depletion, and environmental challenges. Incentives play a critical role in innovation because the required research and development activities are costly, and the...

Innovation is essential for sustaining growth and economic development in a world that faces population increase, natural resource depletion, and environmental challenges. Incentives play a critical role in innovation because the required research and development activities are costly, and the...

This paper provides an overview of the economics of biofuels. It starts by describing the remarkable growth of the biofuel industry over the last decade, with emphasis on developments in the United States, Brazil and the European Union, and it identifies the driving role played by some critical...