EU-wide Distributional Effects of EU Direct Payments Harmonization analyzed with CAPRI Reportar como inadecuado




EU-wide Distributional Effects of EU Direct Payments Harmonization analyzed with CAPRI - Descarga este documento en PDF. Documentación en PDF para descargar gratis. Disponible también para leer online.

We argue in this paper that available econometric estimates of farmers’ risk aversion do notmeasure true farmers’ preferences towards risky outcomes. Available analyses are mostly ofstatic nature and indeed measure the parameters of the synthetic optimal value function ratherthan the deep parameters of the utility functions. We derive analytical and empirical results ina simple dynamic and stochastic framework showing that that there is not a simplerelationship between utility functions and value functions when agents have many decisionvariables. In particular we find that the value function does not necessarily exhibit DARAwhen the instantaneous utility function satisfies DARA and conversely. We recommendperforming dynamic econometric estimation with at least farm production and consumptiondata.

Keywords: distributional effects ; SPS ; flat-rate payment ; CAP reform ; farm level model ; CAPRI farm type layer

Subject(s): International Relations/Trade

Issue Date: 2011

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/114624

Total Pages: 16

JEL Codes: Q11; Q12; Q18

Record appears in: European Association of Agricultural Economists (EAAE) > 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland





Autor: Gocht, Alexander ; Britz, Wolfgang ; Ciaian, Pavel ; Gomez y Paloma, Sergio

Fuente: http://ageconsearch.umn.edu/record/114624?ln=en







Documentos relacionados