This paper analyses the impact of milk quotas on the size structure of dairy herds in two major EU milk-producing member states, Germany and the Netherlands, using Markov chain models. Four mobility indicators characterising structural change are developed and calculated. Structural change in...

Low investment rates are a puzzling phenomenon particularly in transition economies with an urgent need for modernisation. The literature offers two alternative explanations: imperfect capital markets and investment reluctance due to real options effects. In this paper, we develop a generalised...

The regulation of seasonal foreign farm labour (SFFL) in Germany distorts market outcomes and produces no significant benefits for any of the affected groups. Analysis of the media discourse on this regulation indicates that its persistence can be attributed to the political sensitivity of...

Farm animal welfare (FAW) concerns have prompted scientific research, development and standard setting (especially in the EU and USA) having ethical, production, economic, social, cultural and trade implications. We meta-analyse the literature on consumer willingness to pay (WTP) for FAW,...