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| Brümmer, Bernhard; Loy, Jens-Peter; Struve, Carsten. |
| In this paper the newly established rules for trading milk quotas in Germany are analyzed. These regulations have been in force since April 2000. Following a brief historical review of the quota system, the major changes in economic incentives regarding trading milk and the expected welfare implications are derived. Next, the effects of the new trading rules on quota prices in comparison to a reference system (sealed bid double auction) are discussed. In the empirical part the significance of the theoretical effects is illustrated. Recent changes in the regulations for quota trade are shown to have little effect in terms of mitigating these problems. |
| Tipo: Journal Article |
Palavras-chave: Rules for milk quota trading; Auctions; Agricultural and Food Policy; Financial Economics. |
| Ano: 2003 |
URL: http://purl.umn.edu/97978 |
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| Henning, Christian H.C.A.; Krause, Kim Carolin; Struve, Carsten. |
| The literature on political economy analyses of agricultural protection mainly focus on the impact of economic and demographic structures on the level of agricultural protection (Tyers/Anderson 1992, Swinnen 1994, Rausser et al. 1974), although it is commonly accepted that beyond economic and demographic structures political institutions do have an impact on the political power of different interest groups and hence on agricultural policy output (Gardner 1987 as well as Binswanger et al. 1997). The impact of political institutions, e.g. the organization of legislature, election and party systems, on agricultural protection has hardly been taken into account explicitly in theoretical and empirical studies, yet. In this framework the paper investigates to... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2002 |
URL: http://purl.umn.edu/19739 |
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