This paper proposes a partial equilibrium displacement model that differentiates wheat according to its end-use and country of origin to investigate the impact of alternative European trade policies on wheat supply and demand in France. Transmission, demand and supply elasticities are estimated...

This paper applies a semi-parametric approach to estimating a generalised model of investments in energy installations. The model accounts for irreversibility and lumpiness of investments by linking a parametric specification of the unobservable dynamic shadow price to observed investment...