IDEAS home Printed from
   My bibliography  Save this paper

How to Derive Market Impacts of the Luxembourg Agreement on the German Beef Market - A Synthetic Uniform Model versus an Econometric Country Specific Model


  • Salamon, Petra


The paper discusses two partial equilibrium models, one is a synthetic model (GAPsi) and the other an econometrically estimated model (AG-MEMOD). While the synthetic model incorporates only price impacts and some shifts, the econometric model also reflects other influencing factors. Price formation includes policy measures as price wedges, or as explaining variables in key price equations or price transmission equations, which is also true when premiums and decoupling are regarded. When the Luxembourg Agreement is simulated, our example of beef shows that these model differences induce deviations in model results, especially concerning prices and trade.

Suggested Citation

  • Salamon, Petra, 2005. "How to Derive Market Impacts of the Luxembourg Agreement on the German Beef Market - A Synthetic Uniform Model versus an Econometric Country Specific Model," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24570, European Association of Agricultural Economists.
  • Handle: RePEc:ags:eaae05:24570
    DOI: 10.22004/ag.econ.24570

    Download full text from publisher

    File URL:
    Download Restriction: no

    References listed on IDEAS

    1. Frederic Chantreuil & Fabrice Levert & Kevin Hanrahan, 2005. "The Luxembourg agreement reform of the CAP : an analysis using the Ag-Memod composite model," Post-Print hal-01594021, HAL.
    2. von Ledebur, Ernst-Oliver & Manegold, Dirk, 2004. "GAPsi simulations updated baseline and EU enlargement under the Mid-Term-Review scenario," Arbeitsberichte aus der vTI-Agrarökonomie 05/2004, Johann Heinrich von Thünen Institute, Federal Research Institute for Rural Areas, Forestry and Fisheries.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Agricultural and Food Policy;


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:eaae05:24570. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.