The paper presents a political economy analysis of the present and future CAP reform induced under different policy scenarios regarding future EU enlargement and future WTO agreements. Theoretically, the analysis is based on a political exchange model suggested by HENNING (2000). Main results...

The impact of export restrictions on market uncertainty has not been investigated before. This paper analyses the development of price volatility in the Ukrainian wheat market characterized by export restrictions during the commodity price peaks 2007/08 and 2010/11 within a dynamic conditional...

This paper investigates the impacts of export controls in Russia and Ukraine on wheat world market price transmission during the 2007/2008 global food crisis. Russia and Ukraine aimed to reduce wheat exports induced by extraordinarily high world market prices to secure sufficient wheat supply on...

Abstract—This paper studies the role of political institutions in determining the political success of agriculture in avoiding taxation or attracting government transfers in developing and industrialized countries, respectively. The model is based on a probabilistic voting environment, where...

This paper derives an applied general political economy model incorporating a model of political decision-making into a computable general economic equilibrium model. Political decision-making among a set of legislators is modeled via a mean voter decision rule derived from a modified...