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[Introduction]. The Common Agricultural Policy (CAP) constitutes a major public intervention in the European Union (EU) which generates large redistributive effects. Significant resources are being transferred among producers and consumers of agricultural products and the taxpayers. The...
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The recent testing approaches of the 'Law of One Price' which are based on co-integration analysis are modified by incorporating the seasonal components of the agricultural price series into the testing procedure. Application of the modified testing approach to the soft wheat market of five...
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