Abstract
This chapter provides a general description of the AGMEMOD model’s
structure including its country and commodity coverage. We present the general
form of a PE model and the AGMEMOD general form with specifi c examples
of crops, livestock and dairy. Important features associated with the treatment of
policy within the model are highlighted, in particular, market price support,
direct payments and supply control. We describe how policy harmonisation
addresses the incorporation of the diverse range of direct income supports and
discuss the concept of key price and key price equations. The introduction of
border protection and export competition measures in the model is also
discussed.
structure including its country and commodity coverage. We present the general
form of a PE model and the AGMEMOD general form with specifi c examples
of crops, livestock and dairy. Important features associated with the treatment of
policy within the model are highlighted, in particular, market price support,
direct payments and supply control. We describe how policy harmonisation
addresses the incorporation of the diverse range of direct income supports and
discuss the concept of key price and key price equations. The introduction of
border protection and export competition measures in the model is also
discussed.
Original language | English |
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Title of host publication | The Future of EU Agricultural Markets by AGMEMOD |
Editors | F. Chantreuil |
Publisher | Springer |
Pages | 21-44 |
ISBN (Print) | 9789400722910 |
DOIs | |
Publication status | Published - 2012 |
Keywords
- AGMEMOD general form
- Model closure
- Model estimation
- Model-specification
- Partial equilibrium model
- Policy harmonisation
- Price formation