Dimensions of the Common Agricultural Policy in the EU

Peter Nedergaard is publishing an article in the distinguished, international A-journal specialised in the ”new political economy” area, Public Choice.

The article is entitled ”Market Failures and Government Failures: A Theoretical Model of the Common Agricultural Policy” and contains a theoretical model for EUs Common Agricultural Policy combining welfare-financial theory with rational choice theory.

The theory explains why it has been so difficult to change the EUs Common Agricultural Policy and why it still swallows most of the EU budget. Thus, the article corresponds with the current debate on the future of the EU.

Peter Nedergaard is Associate Professor, PhD, at the International Center for Business and Politics.