Previous quantitative assessments of likely impacts of recent reforms of the Common Agricultural Policy (in particular the Agenda 2000) differ across empirical studies. Differences are mainly due to the ways the policy instruments are taken into account (explicit modeling or implicit modeling...

The European Union beef market regulation is largely influenced by the Common Agricultural Policy (CAP). With the 1992 CAP reform, there was a partial shift by the EU from product price support to a more direct form of income support by way of direct payments. For beef there was a move to direct...