Using Evolutionary Game Theory to Examine U.S. and EU Agricultural Policy Institutions
AbstractA brief review of the history of agricultural policymaking in Europe and the U.S. reveals that major policy changes have often been brought about by major socio-political "shocks," such as the Great Depression and World War II. Such shocks also lead to the creation of institutions that tend to stay in place for long periods after the initial shock has passed. We use evolutionary game theory to model and simulate the effects of socio-political shocks on political institutions.
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Bibliographic InfoPaper provided by European Association of Agricultural Economists in its series 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark with number 24538.
Date of creation: 2005
Date of revision:
agricultural policy; evolutionary game theory; Agricultural and Food Policy; Q18; D72; C73;
Find related papers by JEL classification:
- Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
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