In this paper we study the implications of the introduction of the co-decision procedure for the European Union's Common Agricultural Policy and its reform. We use a game-theoretical model of the legislative procedures in the European Union and show that the move from consultation to co-decision...

There are major differences in regulation among various countries. A particular case is the difference between the EU and US in regulating biotechnology. We develop a formal and dynamic model of government decision-making on regulation. We show that minor differences in consumer preferences can...

We examine the impact of a different cultural background on individual behavior, focusing on penalties in football matches of southern European and northern European football players in the English Premier League. Southern European football players collect on average more football penalties than...

Eastern Europe is an important player in the European and even in the world beer market. In 2008, the whole of Europe accounted for 32% of total beer production in the world and Eastern Europe accounted for more than half of this (17%). Within Eastern Europe, Russia, Ukraine, Poland and the...

In an effort to stimulate a more exciting and entertaining style of play, the National Hockey Association (NHL) changed the rewards associated with the results of overtime games. Under the new rules, teams tied at the end of regulation both receive a single point, regardless of the outcome in...

We analyze the effects of high standards food chains on household welfare taking into account general equilibrium effects and market imperfections. To measure structural production changes and welfare effects on rural and urban households, our model has two types of agents, five kinds of...

Only a few years ago the widely shared view was that low food prices were a curse to developing countries and the poor. The dramatic increase of food prices in 2006-2008 appears to have fundamentally altered this view. The vast majority of analyses and reports in 2008 and 2009 state that high...

Economic theory and empirical findings suggest that the way in which agricultural support is provided has an influence on land markets. Support payments tend to become capitalised into land values to some degree, affecting both the sales and rental prices of land. These effects in turn have a...

This paper analyses the distributional effects of decoupled Single Farm Payments in the European Union. In a static world the SFP benefit only farmers, irrespective of the implemented SFP model and irrespective of whether entitlements are tradable or not, except when the size of the allocated...

This paper analyzes how policy reforms and other factors have effected agricultural output in Central and Eastern Europe since 1989. Price liberalization and subsidy cuts caused a decline in relative prices for agriculture, contributing to almost half of the output decline. Transition...