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The objective of this paper is to present anevolution of PMP model suitable to estimate the revenuefunction and to provide price elasticity due to thevariation of subsidies at farm level, especially if they aredecoupled. This problem arises when individual data offarm households in a given region, coming from FADN,are used for implement PMP models finalized to policyanalysis. This paper presents the theoretical backgroundof the proposed innovations and empirical evidence onthe basis of a sample of farms included in FADNdatabase in Italy.

Keywords: Bayesian estimation ; errors-in-variables ; PMP

Subject(s): Crop Production/Industries

Issue Date: 2008

Publication Type: Conference Paper/ Presentation

PURL Identifier:

Total Pages: 8

Record appears in: European Association of Agricultural Economists (EAAE) > 2008 International Congress, August 26-29, 2008, Ghent, Belgium

Autor: Jansson, Torbjorn ; Heckelei, Thomas


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