Thompson, Stanley R.; Gohout, Wolfgang - Agricultural and Applied Economics Association - AAEA - 2000
on producer welfare due to market liberalizing reforms. We found that wheat producers were over-compensated for the …We use a simple nonlinear commodity market model to illustrate the impact of recent reforms of the CAP on the … variability of EU and world wheat prices. Second, within an expected utility framework we estimate the transfer and risk effects …