The concept of irreversible investment is applied to highly contagious animal disease control when uncertainty about the spread of the disease is resolved over time. In comparison with the strategy of destroying infected herds, the vaccination programme causes additional losses that cannot be...

We investigate the possible linkages between the EU sugar production under quota and the supply of C sugar. We calibrate the implicit cross-subsidy between in-quota sugar and out-of-quota sugar. The resulting supply specification is included in a computable general equilibrium model of the EU...