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Ambiguous jointness and multifunctionality AgEcon
Romstad, Eirik.
Many previous analyses of multifunctionality in agriculture claim there is positive jointness between the production commodities and nonmarket goods and services. Those analyses have not treated acreage as an endogenous variable. This leads to several errors in terms of the analysis of policy impacts, and hence also the policy advice. The main contribution of this paper is the development of an analytical framework where acreage is endogenously determined. This framework is then used to demonstrate that any policy that influences resource allocation also affects agricultural commodity production. Hence, there is no such thing as a fully decoupled support. The impacts on commodity markets from direct payments to environmental goods and services are,...
Tipo: Conference Paper or Presentation Palavras-chave: Multi-product production; Comparative statics; Nonmarket goods; Agricultural and Food Policy; Environmental Economics and Policy; Production Economics; Q180; Q200.
Ano: 2009 URL: http://purl.umn.edu/51539
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Policies for Promoting Public Goods in Agriculture AgEcon
Romstad, Eirik.
The ongoing negotiations of the World Trade Organization (WTO) on agriculture has triggered an increased interest in the linkages between commodity production and public goods in agriculture. This paper takes a closer look at this issue. Particular emphasis is placed on production economics and policy design issues. Production is placed in a multi-product multi-input setting. The provision of public goods from agriculture is analyzed utilizing a principle-agent framework. Particular emphasis is placed on issues pertaining to incentive compatibility, informational aspects and the participation constraint. Public finance aspects of various policies are also addressed. Price supports are of particular interest as they are widely used in European...
Tipo: Conference Paper or Presentation Palavras-chave: Multi-product production; Public goods; Agriculture; Principal-agent models; Resource allocation; Policy; Agricultural and Food Policy.
Ano: 2002 URL: http://purl.umn.edu/24930
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