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| Carpentier, Alain; Gohin, Alexandre; Heinzel, Christoph. |
| For the 2014-2020 phase of the Common Agricultural Policy, the European Commission has the opportunity to reduce the leakage of public support to landowners and to better target it towards active farmers. Our purpose is to assess whether shifting the basis of direct payments from land towards active farmers will significantly alter agricultural production decisions. In a dynamic and stochastic microeconomic framework, we identify the impact of this shift on the farm household’s production and consumption decisions. In the dynamic setting the production impacts of direct payments are much higher than previously quantified, because the “long run” absolute risk aversion (associated with the value function) is lower than the “short run” one (associated with... |
| Tipo: Presentation |
Palavras-chave: Risk and Uncertainty. |
| Ano: 2012 |
URL: http://purl.umn.edu/122447 |
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| Heinzel, Christoph; Winkler, Thomas. |
| Quota obligation schemes based on tradable green certificates have become a popular policy instrument to expand power generation from renewable energy sources (RES). Their application, however, can neither be justified as a first-best response to a market failure, nor, in a second-best sense, as an instrument mitigating distortionary effects of the emissions externality, if an emissions trading system exists that fully covers the energy industry. We study how ancillary reasons, in form of overcoming various barriers for RES use and establishing beneficial side-effects, such as industry development, energy security, and abatement of pollutants not covered under the ETS, apply to the scheme recently introduced in Poland. While setting substantial expansion... |
| Tipo: Journal Article |
Palavras-chave: Tradable green certificates; Environmental policy; Poland; Resource /Energy Economics and Policy. |
| Ano: 2010 |
URL: http://purl.umn.edu/95068 |
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