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

  • Bullock, David S.
  • Mittenzwei, Klaus

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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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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  1. Jay S. Coggins, 1995. "Rent Dissipation And The Social Cost Of Price Policy," Economics and Politics, Wiley Blackwell, vol. 7(2), pages 147-166, 07.
  2. 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.
  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.
  4. David Bullock & E. Rutström, 2007. "Policy making and rent-dissipation: An experimental test," Experimental Economics, Springer, vol. 10(1), pages 21-36, March.
  5. Gary S. Becker, 1984. "Public Policies, Pressure Groups, and Dead Weight Costs," University of Chicago - George G. Stigler Center for Study of Economy and State 35, Chicago - Center for Study of Economy and State.
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