Agriculture is undoubtedly the most important and controversial topic in the ongoing Uruguay Round of the GATT. Can a compromise between the divergent positions of the EC and the USA on agricultural trade be found? Does the Uruguay Round mark a turning point for the EC's Common Agricultural Policy?

The present dissertationis devoted to the issue of price discovery in agricultural markets. Price discovery is considered one of the central functions of financial markets and is usually analyzed empirically for highly homogeneous assets traded on these markets. We investigate whether this...

The Common Agricultural Policy of the European Union (CAP) has a long tradition. After World War II, agricultural and food production in Europe was substantially weakened and unable to provide sufficient food for the domestic population. The CAP emerged from this situation, with the objectives...