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	Provedor de dados AgEcon (1) Autor Britz, Wolfgang (1) Ciaian, Pavel (1) Gocht, Alexander (1) Gomez y Paloma, Sergio (1) Palavra-chave CAP reform (1) CAPRI farm type layer (1) Distributional effects (1) Farm level model (1) Flat-rate payment (1) International Relations/Trade (1) Q11 (1) Q12 (1) Q18 (1) SPS (1) Mais... Tipo do documento Conference Paper or Presentation (1) Ano 2011 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última EU-wide Distributional Effects of EU Direct Payments Harmonization analyzed with CAPRI AgEcon Gocht, Alexander; Britz, Wolfgang; Ciaian, Pavel; Gomez y Paloma, Sergio. We argue in this paper that available econometric estimates of farmers’ risk aversion do not measure true farmers’ preferences towards risky outcomes. Available analyses are mostly of static nature and indeed measure the parameters of the synthetic optimal value function rather than the deep parameters of the utility functions. We derive analytical and empirical results in a simple dynamic and stochastic framework showing that that there is not a simple relationship between utility functions and value functions when agents have many decision variables. In particular we find that the value function does not necessarily exhibit DARA when the instantaneous utility function satisfies DARA and conversely. We recommend performing dynamic econometric estimation... Tipo: Conference Paper or Presentation Palavras-chave: Distributional effects; SPS; Flat-rate payment; CAP reform; Farm level model; CAPRI farm type layer; International Relations/Trade; Q11; Q12; Q18. Ano: 2011 URL: http://purl.umn.edu/114624 Registros recuperados: 1 Primeira ... 1 ... Última

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