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Dynamic adjustments in the Dutch greenhouse sector due to environmental regulations AgEcon
Verreth, Daphne M.I.; Emvalomatis, Grigorios; Bunte, Frank H.J.; Oude Lansink, Alfons G.J.M..
Horticultural firms are dependent on energy to produce, while policy makers focus on reducing the use of energy and investment in energy-saving technologies. The paper aimed to asses Dutch greenhouse farmers‘ responses to policies that would affect prices of different energy inputs. The farmer’s behaviour is modelled in two steps: firms are assumed to maximize profit at given energy use level, and firms are assumed to minimize the discounted sum of energy costs. The model is estimated using farm survey data spanning the period 2001-2008. Short-run and long-run elasticities with respect to prices and investments in energy-using technology are estimated. The greenhouse sector shows a fast adjustment of energy capital towards its long-run equilibrium. This...
Tipo: Conference Paper or Presentation Palavras-chave: Greenhouse horticulture; Energy; Dynamic duality; Adjustment costs; Agricultural and Food Policy; C51; C61; D92; Q12; Q18; Q48..
Ano: 2011 URL: http://purl.umn.edu/99364
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