Replaced with revised version of paper 01/24/08.

It is frequently stated that price risk in European agriculture in-creases due to the liberalization of formerly regulated markets. This argument is used to motivate the necessity of risk manage-ment and income stabilization for farms. Against this background we empirically investigate the price...

Replaced with revised version of paper 07/20/10.

Replaced with revised version of paper 07/12/11.

Replaced with revised version of paper 09/14/11.

Replaced with revised version of paper 09/27/11.

This study is concerned with measuring impacts of the Common Agricultural Policy (CAP) on farm income distribution of western Germany. Not only the sheer contribution of market price support and direct payments as a proportion of income is taken into account, but also the impact of support on...