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The Logic of the CAP : Politics or Economics?. / Christian H C A Henning.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Henning, Christian H.C.A.
- Series:
- Other papers
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Agricultural Sector Economics.
- Agricultural Trade.
- Agriculture.
- Consumers.
- Decision Making.
- Developing Countries.
- Development Policy.
- Economics.
- International Food Policy Research Institute.
- Macroeconomics and Economic Growth.
- Nash Equilibrium.
- Political Economy.
- Political Institutions.
- Political Science.
- Productivity.
- Protectionism.
- Rural Development.
- Trade Policy.
- Urban Population.
- Local Subjects:
- Agricultural Sector Economics.
- Agricultural Trade.
- Agriculture.
- Consumers.
- Decision Making.
- Developing Countries.
- Development Policy.
- Economics.
- International Food Policy Research Institute.
- Macroeconomics and Economic Growth.
- Nash Equilibrium.
- Political Economy.
- Political Institutions.
- Political Science.
- Productivity.
- Protectionism.
- Rural Development.
- Trade Policy.
- Urban Population.
- Other Title:
- Logic of the CAP
- Place of Publication:
- Washington, D.C. : The World Bank, 2008.
- System Details:
- data file
- Summary:
- This paper derives an applied general political economy model incorporating a model of political decision making into a computable general economic equilibrium model. Political decision making among a set of legislators is modeled via a mean voter decision rule derived from a modified non cooperative legislative bargaining game of a Baron Ferejohn type. The model allows a simultaneous analysis of political and economic factors determining policy outcome and is applied to simulate future Common Agricultural Policy (CAP) under various political and economic scenarios.
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