This paper discusses an approach to implement output quotas in the GTAP model which permits an endogenous adjustment of both the supplied quantity and the quota rent. Since the quota rent is interpreted as additional earnings of the factors used no change of the worldwide GTAP data base is...

Purpose: The purpose of this paper is to propose a novel way of determining optimal capital structure, applied to sub-groups of Swiss dairy farms from 2003 to 2014. Optimization of capital structure is carried out with respect to two performance indicators from an economic value added...

The integration of core labour standards into the WTO has been demanded mostly on ei-ther humanitarian or fair trade grounds. While both reasons can be justified theoretically, the case for integration remains unclear. Whereas the humanitarian integration of core la-bour standards is a question...

Using a discrete choice experiment and a mixed-effects logit model, this article analyses the job preferences of 300 dairy farmers in the eastern part of Switzerland who intend to stay in milk production. The results show that a shift to suckler cow husbandry plus additional employment or to a...