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Using Evolutionary Game Theory to Examine U.S. and EU Agricultural Policy Institutions

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Author Info
Bullock, David S.
Mittenzwei, Klaus

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Abstract

A 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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Publisher Info
Paper provided by European Association of Agricultural Economists in its series 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark with number 24538.

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Date of creation: 2005
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Handle: RePEc:ags:eaae05:24538

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Related research
Keywords: agricultural policy; evolutionary game theory; Agricultural and Food Policy; Q18; D72; C73;

References listed on IDEAS
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  1. Gardner, Bruce L, 1992. "Changing Economic Perspectives on the Farm Problem," Journal of Economic Literature, American Economic Association, vol. 30(1), pages 62-101, March. [Downloadable!] (restricted)
  2. David Bullock & E. Rutström, 2007. "Policy making and rent-dissipation: An experimental test," Experimental Economics, Springer, vol. 10(1), pages 21-36, March. [Downloadable!] (restricted)
  3. Gardner, Bruce L, 1987. "Causes of U.S. Farm Commodity Programs," Journal of Political Economy, University of Chicago Press, vol. 95(2), pages 290-310, April. [Downloadable!] (restricted)
  4. Becker, Gary S., 1985. "Public policies, pressure groups, and dead weight costs," Journal of Public Economics, Elsevier, vol. 28(3), pages 329-347, December. [Downloadable!] (restricted)
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This page was last updated on 2009-12-11.

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