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The External Cost of European Crude Oil Imports AgEcon
Bigano, Andrea; Cassinelli, Mariaester; Sferra, Fabio; Guarrera, Lisa; Karbuz, Sohbet; Hafner, Manfred; Markandya, Anil; Navrud, Stale.
This paper is the first to assess operational and probabilistic externalities of oil extraction and transportation to Europe on the basis of a comprehensive evaluation of realistic future oil demand-supply scenarios, of the relative relevance of import routes, of the local specificities in terms of critical passages and different burdens and impacts along import routes. The resulting externalities appear reasonable both under the assumption of high future demand and under low demand. Estimates range from 2.32 Euro in 2030 in the low demand scenario to 2.60 Euro in 2010 in the high demand scenario per ton of imported oil.
Tipo: Working or Discussion Paper Palavras-chave: Oil Transport; Externalities Oil Spills; Risk Analysis; Resource /Energy Economics and Policy; Q32; Q25; Q41; R40.
Ano: 2009 URL: http://purl.umn.edu/50362
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The Role of Risk in the Decision to Produce Post-Decoupling - A Stochastic Budgeting Example AgEcon
Thorne, Fiona S.; Hennessy, Thia C..
Under the Mac Sharry and Agenda 2000 reforms, direct payments comprised a significant portion of farmers' income in the EU. Farmers had to engage in production to receive these payments but the payments were relatively risk-free and therefore risk may not have played an important role in the production decision. This paper considers the effect of the decoupling of direct payments from production in the EU and in particular, on the role of production risk in the decision making process. In an environment where direct payments are completely decoupled from production, farmers may engage in an 'entitlement farming' system, that is retain their land only to activate the decoupled payment and not actually produce any tangible goods. This paper examines the...
Tipo: Conference Paper or Presentation Palavras-chave: Decoupling; Risk Analysis; Production Risk; Decision Analysis; Stochastic Modelling; Agricultural and Food Policy; Risk and Uncertainty; Q12; Q18.
Ano: 2006 URL: http://purl.umn.edu/25415
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