European review of agricultural economics vol:20 issue:3 pages:261-290
This paper gives an overview of the recent developments in the field of the political economy and its applications to agricultural policies. It highlights the interaction between economic and political markets, political preferences, the influence of lobbying groups, voters and politicians, and the causes of (agricultural) protection. It discusses possible model specifications and their outcomes. Special attention is given to the impact and empirical results of political economy studies of the Common Agricultural Policy. The paper concludes with a research agenda.