Reforming the European Common Agricultural Policy: From price & income support to risk management
Over the last 30 years, the European Union has significantly reformed its Common Agricultural Policy by introducing direct payments to farmers and reducing price support levels. While the European agricultural prices become more volatile, all economic models assessing these reforms remain static and...
Saved in:
| Published in | Journal of policy modeling Vol. 42; no. 3; pp. 712 - 727 |
|---|---|
| Main Authors | , |
| Format | Journal Article |
| Language | English |
| Published |
Elsevier Inc
01.05.2020
Elsevier |
| Subjects | |
| Online Access | Get full text |
| ISSN | 0161-8938 1873-8060 |
| DOI | 10.1016/j.jpolmod.2020.02.008 |
Cover
| Abstract | Over the last 30 years, the European Union has significantly reformed its Common Agricultural Policy by introducing direct payments to farmers and reducing price support levels. While the European agricultural prices become more volatile, all economic models assessing these reforms remain static and ignore the risk dimensions. This paper develops an original stochastic computable general equilibrium model capturing the different sources of risk, farmers’ risk attitude and risk contingent markets. We find that the reduction of price support levels has modest market impacts but negative global welfare effects by exposing risk-averse European farmers to the world price volatility. This issue is not solved by the direct payments, which have negligible market and global welfare impacts through their wealth effects. On the other hand, we find that unbiased futures markets can solve this global welfare issue by allowing European farmers to transfer their price risks. Therefore, European policymakers should ensure well-functioning risk contingent markets rather than maintaining rigid intervention price levels. |
|---|---|
| AbstractList | Over the last 30 years, the European Union has significantly reformed its Common Agricultural Policy by introducing direct payments to farmers and reducing price support levels. While the European agricultural prices become more volatile, all economic models assessing these reforms remain static and ignore the risk dimensions. This paper develops an original stochastic computable general equilibrium model capturing the different sources of risk, farmers' risk attitude and risk contingent markets. We find that the reduction of price support levels has modest market impacts but negative global welfare effects by exposing risk-averse European farmers to the world price volatility. This issue is not solved by the direct payments, which have negligible market and global welfare impacts through their wealth effects. On the other hand, we find that unbiased futures markets can solve this global welfare issue by allowing European farmers to transfer their price risks. Therefore, European policymakers should ensure well-functioning risk contingent markets rather than maintaining rigid intervention price levels. (C) 2020 The Society for Policy Modeling. Published by Elsevier Inc. All rights reserved. Over the last 30 years, the European Union has significantly reformed its Common Agricultural Policy by introducing direct payments to farmers and reducing price support levels. While the European agricultural prices become more volatile, all economic models assessing these reforms remain static and ignore the risk dimensions. This paper develops an original stochastic computable general equilibrium model capturing the different sources of risk, farmers’ risk attitude and risk contingent markets. We find that the reduction of price support levels has modest market impacts but negative global welfare effects by exposing risk-averse European farmers to the world price volatility. This issue is not solved by the direct payments, which have negligible market and global welfare impacts through their wealth effects. On the other hand, we find that unbiased futures markets can solve this global welfare issue by allowing European farmers to transfer their price risks. Therefore, European policymakers should ensure well-functioning risk contingent markets rather than maintaining rigid intervention price levels. |
| Author | Gohin, Alexandre Zheng, Yu |
| Author_xml | – sequence: 1 givenname: Alexandre surname: Gohin fullname: Gohin, Alexandre email: alexandre.gohin@inrae.fr organization: INRAE (Institut national de recherche pour l’agriculture, l’alimentation et l’environnement), SMART-LERECO, 4 allée Adolphe Bobierre, 35000 Rennes, France – sequence: 2 givenname: Yu surname: Zheng fullname: Zheng, Yu email: yu.zheng@eiee.org organization: INRAE (Institut national de recherche pour l’agriculture, l’alimentation et l’environnement), SMART-LERECO, 4 allée Adolphe Bobierre, 35000 Rennes, France |
| BackLink | https://hal.inrae.fr/hal-02911593$$DView record in HAL |
| BookMark | eNqFkE1rGzEQhkVIIU7anxDQqdDDbkfaj0jtoRiTNAVDS2nPQivNOnJW0qKVA_n3kXHooZechpl5n2F4Lsl5iAEJuWZQM2D95329n-Pko605cKiB1wDijKyYuGkqAT2ck1XJsUrIRlyQy2XZA0BXNiuif-MYk3dhR_MD0ttDijPqQDfR-xjoepecOUz5kPREf8XJmecv9C5FT-eyQPqRumCiR7oc5jmmTHOkyS2P1Ougd-gx5Pfk3ainBT-81ivy9-72z-a-2v78_mOz3lamBZEr3TRgBtsLJmUvG2Cy7yzvzACdtGLgbatvuAVh-AC21yibdhzG0lkEzkzbXJFPp7sPelLlO6_Ts4raqfv1Vh1nwCVjnWyeWMl2p6xJcVkSjv8ABuroVO3Vq1N1dFpYVZwW7ut_nHFZZxdDTtpNb9LfTjQWDU8Ok1qMw2DQuoQmKxvdGxdeAKUWmL4 |
| CitedBy_id | crossref_primary_10_7163_SOW_56_4 crossref_primary_10_3389_fnut_2025_1536002 crossref_primary_10_2478_auseur_2021_0010 crossref_primary_10_1093_erae_jbab042 crossref_primary_10_3390_agronomy11122518 crossref_primary_10_1080_23322039_2024_2382359 crossref_primary_10_3390_agriculture12060854 crossref_primary_10_4274_tjps_galenos_2021_70745 crossref_primary_10_1088_1748_9326_ac2965 crossref_primary_10_1016_j_jpolmod_2024_05_011 crossref_primary_10_3390_land12101833 crossref_primary_10_5937_StraMan2200018A crossref_primary_10_1108_JADEE_12_2022_0270 |
| Cites_doi | 10.2307/3180267 10.1016/S0022-1996(01)00153-2 10.1016/j.jeconom.2009.10.007 10.1016/j.econmod.2005.12.004 10.1016/j.jpolmod.2016.03.005 10.1093/erae/jbr043 10.1111/1477-9552.12091 10.1093/aepp/ppv022 10.1016/j.foodpol.2016.01.003 10.1016/j.jpolmod.2011.03.009 10.1111/1477-9552.12325 10.2307/1242065 10.1093/erae/jbt034 10.1111/j.1467-8276.2009.01308.x 10.1111/1477-9552.12065 10.1093/eurrag/29.4.445 10.1080/09654313.2013.786683 10.1016/j.landusepol.2012.04.005 10.1016/j.foodpol.2013.04.001 10.1111/j.1467-8276.2008.01162.x 10.1111/j.1468-0262.2004.00537.x 10.1080/09638199.2015.1069884 10.1016/j.jpolmod.2018.03.003 10.1016/j.foodpol.2015.01.004 |
| ContentType | Journal Article |
| Copyright | 2020 The Society for Policy Modeling Distributed under a Creative Commons Attribution 4.0 International License |
| Copyright_xml | – notice: 2020 The Society for Policy Modeling – notice: Distributed under a Creative Commons Attribution 4.0 International License |
| DBID | AAYXX CITATION 1XC |
| DOI | 10.1016/j.jpolmod.2020.02.008 |
| DatabaseName | CrossRef Hyper Article en Ligne (HAL) |
| DatabaseTitle | CrossRef |
| DatabaseTitleList | |
| DeliveryMethod | fulltext_linktorsrc |
| Discipline | Social Sciences (General) Political Science |
| EISSN | 1873-8060 |
| EndPage | 727 |
| ExternalDocumentID | oai_HAL_hal_02911593v1 10_1016_j_jpolmod_2020_02_008 S0161893820300338 |
| GrantInformation_xml | – fundername: European Commission funderid: https://doi.org/10.13039/501100000780 |
| GroupedDBID | --K --M -~X .~1 0R~ 1B1 1OL 1RT 1~. 1~5 29L 4.4 457 4G. 5GY 5VS 63O 6TJ 7-5 71M 8P~ 9JO AACTN AAEDT AAEDW AAFFL AAIAV AAIKJ AAKOC AALRI AAOAW AAPFB AAQFI AAQXK AAXUO ABJNI ABMAC ABTAH ABXDB ABYKQ ACDAQ ACGFS ACHQT ACNCT ACRLP ACROA ADBBV ADEZE ADFHU ADMUD AEBSH AEKER AEYQN AFFNX AFKWA AFODL AFTJW AGHFR AGTHC AGUBO AGYEJ AHHHB AI. AIEXJ AIIAU AIKHN AITUG AJBFU AJOXV AJWLA ALMA_UNASSIGNED_HOLDINGS AMFUW AMRAJ ASPBG AVWKF AXJTR AXLSJ AZFZN BEHZQ BEZPJ BGSCR BKOJK BKOMP BLXMC BNTGB BPUDD BULVW BZJEE CS3 DU5 EBS EFJIC EFLBG EJD EO8 EO9 EP2 EP3 FDB FEDTE FGOYB FIRID FNPLU FYGXN G-2 G-Q GBLVA HLX HMB HVGLF HZ~ IHE IXIXF J1W KOM LG8 LPU LY5 M41 MO0 MS~ N9A O-L O9- OAUVE OZT P-8 P-9 PC. PQQKQ Q38 R2- RIG ROL RPZ SBM SDF SDG SDP SEB SEE SES SEW SPCBC SSB SSF SSZ T5K TN5 ULY VH1 VQP WUQ XPP Y6R YK3 ZMT ZY4 ~G- AATTM AAXKI AAYWO AAYXX ABWVN ACRPL ACVFH ADCNI ADMHG ADNMO AEIPS AEUPX AFJKZ AFPUW AFXIZ AGCQF AGQPQ AGRNS AIGII AIIUN AKBMS AKRWK AKYEP ANKPU APXCP BNPGV CITATION SSH 1XC EFKBS |
| ID | FETCH-LOGICAL-c408t-a330cbd6819969301965d25cb059d8b244a72d08c2b0d6ae934fbfc2bde021c43 |
| IEDL.DBID | AIKHN |
| ISSN | 0161-8938 |
| IngestDate | Fri Sep 12 12:44:29 EDT 2025 Tue Jul 01 02:00:47 EDT 2025 Thu Apr 24 22:58:59 EDT 2025 Fri Feb 23 02:48:17 EST 2024 |
| IsPeerReviewed | true |
| IsScholarly | true |
| Issue | 3 |
| Keywords | Common agricultural policy Risk contingent market Q14 Q17 G10 Q18 Risk Stochastic modeling |
| Language | English |
| License | Distributed under a Creative Commons Attribution 4.0 International License: http://creativecommons.org/licenses/by/4.0 |
| LinkModel | DirectLink |
| MergedId | FETCHMERGED-LOGICAL-c408t-a330cbd6819969301965d25cb059d8b244a72d08c2b0d6ae934fbfc2bde021c43 |
| ORCID | 0000-0002-6193-542X |
| PageCount | 16 |
| ParticipantIDs | hal_primary_oai_HAL_hal_02911593v1 crossref_primary_10_1016_j_jpolmod_2020_02_008 crossref_citationtrail_10_1016_j_jpolmod_2020_02_008 elsevier_sciencedirect_doi_10_1016_j_jpolmod_2020_02_008 |
| ProviderPackageCode | CITATION AAYXX |
| PublicationCentury | 2000 |
| PublicationDate | 2020-05-01 |
| PublicationDateYYYYMMDD | 2020-05-01 |
| PublicationDate_xml | – month: 05 year: 2020 text: 2020-05-01 day: 01 |
| PublicationDecade | 2020 |
| PublicationTitle | Journal of policy modeling |
| PublicationYear | 2020 |
| Publisher | Elsevier Inc Elsevier |
| Publisher_xml | – name: Elsevier Inc – name: Elsevier |
| References | Urban, Jensen, Brockmeier (bib0170) 2016; 59 Rutherford (bib0150) 2006 Keeney, Hertel (bib0090) 2009; 91 Manski (bib0100) 2004; 72 Lence (bib0095) 2009; 91 Renwick, Jansson, Verburg, Revoredo-Giha, Britz, Gocht, McCracken (bib0140) 2013; 30 Roe (bib0145) 2015; 37 Nolte, Buysse, van Huylenbroeck (bib0125) 2012; 39 Svaleryd, Vlachos (bib0165) 2002; 37 Fernández-Villaverde, Rubio-Ramirez, Schorfheide (bib0060) 2016; Vol. 2 European Commission (bib0050) 2010 Myers (bib0105) 1988; 70 Boussard, Gerard, Piketty, Ayouz, Voituriez (bib0015) 2006; 23 Deppermann, Grethe, Offermann (bib0035) 2014; 41 Pope, LaFrance, Just (bib0135) 2011; 162 Iyer, Bozzola, Hirsch, Meraner, Finger (bib0070) 2020; 71 Severini, Biagini, Finger (bib0160) 2019; 41 Carpentier, Gohin, Sckokai, Thomas (bib0025) 2015; 96 European Commission (bib0055) 2013 Boulanger, Philippidis (bib0010) 2015; 51 Boysen, Jensen, Matthews (bib0020) 2016; 25 Jensen, Frandsen (bib0075) 2004 Hennessy (bib0065) 1998; 80 Mittenzwei, Britz, Wieck (bib0110) 2014; 3 Moro, Sckokai (bib0115) 2013; 41 Newbery, Stiglitz (bib0120) 1981 Just, Rausser (bib0080) 2002 Espinosa, Psaltopoulos, Santini, Phimister, Roberts, Mary, Paloma (bib0040) 2014; 22 Keeney, Hertel (bib0085) 2005 Coelho, Pires, Dionísio, da Conceição Serrão (bib0030) 2012; 34 Van Meijl, Van Tongeren (bib0175) 2002; 29 Pelikan, Britz, Hertel (bib0130) 2014; 66 Agricultural Markets Task Force (bib0005) 2016 Schroeder, Gocht, Britz (bib0155) 2014; 66 Espinosa, Gocht, Heckelei, Paloma (bib0045) 2016; 38 Van Meijl (10.1016/j.jpolmod.2020.02.008_bib0175) 2002; 29 Espinosa (10.1016/j.jpolmod.2020.02.008_bib0045) 2016; 38 Boysen (10.1016/j.jpolmod.2020.02.008_bib0020) 2016; 25 European Commission (10.1016/j.jpolmod.2020.02.008_bib0050) 2010 Nolte (10.1016/j.jpolmod.2020.02.008_bib0125) 2012; 39 Iyer (10.1016/j.jpolmod.2020.02.008_bib0070) 2020; 71 Moro (10.1016/j.jpolmod.2020.02.008_bib0115) 2013; 41 Severini (10.1016/j.jpolmod.2020.02.008_bib0160) 2019; 41 European Commission (10.1016/j.jpolmod.2020.02.008_bib0055) 2013 Keeney (10.1016/j.jpolmod.2020.02.008_bib0085) 2005 Urban (10.1016/j.jpolmod.2020.02.008_bib0170) 2016; 59 Just (10.1016/j.jpolmod.2020.02.008_bib0080) 2002 Hennessy (10.1016/j.jpolmod.2020.02.008_bib0065) 1998; 80 Keeney (10.1016/j.jpolmod.2020.02.008_bib0090) 2009; 91 Lence (10.1016/j.jpolmod.2020.02.008_bib0095) 2009; 91 Boulanger (10.1016/j.jpolmod.2020.02.008_bib0010) 2015; 51 Myers (10.1016/j.jpolmod.2020.02.008_bib0105) 1988; 70 Newbery (10.1016/j.jpolmod.2020.02.008_bib0120) 1981 Renwick (10.1016/j.jpolmod.2020.02.008_bib0140) 2013; 30 Agricultural Markets Task Force (10.1016/j.jpolmod.2020.02.008_bib0005) 2016 Pope (10.1016/j.jpolmod.2020.02.008_bib0135) 2011; 162 Schroeder (10.1016/j.jpolmod.2020.02.008_bib0155) 2014; 66 Espinosa (10.1016/j.jpolmod.2020.02.008_bib0040) 2014; 22 Pelikan (10.1016/j.jpolmod.2020.02.008_bib0130) 2014; 66 Coelho (10.1016/j.jpolmod.2020.02.008_bib0030) 2012; 34 Manski (10.1016/j.jpolmod.2020.02.008_bib0100) 2004; 72 Rutherford (10.1016/j.jpolmod.2020.02.008_bib0150) 2006 Fernández-Villaverde (10.1016/j.jpolmod.2020.02.008_bib0060) 2016; Vol. 2 Boussard (10.1016/j.jpolmod.2020.02.008_bib0015) 2006; 23 Carpentier (10.1016/j.jpolmod.2020.02.008_bib0025) 2015; 96 Roe (10.1016/j.jpolmod.2020.02.008_bib0145) 2015; 37 Jensen (10.1016/j.jpolmod.2020.02.008_bib0075) 2004 Svaleryd (10.1016/j.jpolmod.2020.02.008_bib0165) 2002; 37 Deppermann (10.1016/j.jpolmod.2020.02.008_bib0035) 2014; 41 Mittenzwei (10.1016/j.jpolmod.2020.02.008_bib0110) 2014; 3 |
| References_xml | – year: 2010 ident: bib0050 article-title: Commodity price volatility: International and EU perspective – volume: 3 start-page: 1 year: 2014 end-page: 20 ident: bib0110 article-title: Does the “green box” of the European Union distort global markets? publication-title: Bio-based and Applied Economics – volume: 72 start-page: 1329 year: 2004 end-page: 1376 ident: bib0100 article-title: Measuring expectations publication-title: Econometrica – start-page: 452 year: 1981 ident: bib0120 article-title: The theory of commodity price stabilization: A study in the economics of risks – volume: 51 start-page: 119 year: 2015 end-page: 130 ident: bib0010 article-title: The EU budget battle: Assessing the trade and welfare impacts of CAP budgetary reform publication-title: Food Policy – volume: 25 start-page: 377 year: 2016 end-page: 402 ident: bib0020 article-title: Impact of EU agricultural policy on developing countries: A Uganda case study publication-title: Journal of International Trade and Economic Development – volume: 23 start-page: 457 year: 2006 end-page: 475 ident: bib0015 article-title: Endogenous risk and long run effects of liberalization in a global analysis framework publication-title: Economic Modelling – volume: 38 start-page: 1040 year: 2016 end-page: 1059 ident: bib0045 article-title: Incorporating farm structural change in models assessing the common agricultural policy: An application in the capri farm type model publication-title: Journal of Policy Modeling – year: 2013 ident: bib0055 article-title: How many people work in agriculture in the European Union?. An answer based on Eurostat data sources – volume: 71 start-page: 3 year: 2020 end-page: 26 ident: bib0070 article-title: Measuring farmer risk preferences in Europe: A systematic review publication-title: Journal of Agricultural Economics – volume: 41 start-page: 140 year: 2019 end-page: 155 ident: bib0160 article-title: Modeling agricultural risk management policies – The implementation of the Income Stabilization Tool in Italy publication-title: Journal of Policy Modeling – volume: 37 start-page: 553 year: 2015 end-page: 574 ident: bib0145 article-title: The risk attitudes of US farmers publication-title: Applied Economic Perspectives and Policy – year: 2006 ident: bib0150 article-title: GTAP6inGAMS – volume: 34 start-page: 81 year: 2012 end-page: 98 ident: bib0030 article-title: The impact of CAP policy in farmer's behavior – A modeling approach using the Cumulative Prospect Theory publication-title: Journal of Policy Modeling – volume: 91 start-page: 895 year: 2009 end-page: 909 ident: bib0090 article-title: The indirect land use impacts of United States biofuel policies: The importance of acreage, yield, and bilateral trade responses publication-title: American Journal of Agricultural Economics – volume: Vol. 2 start-page: 527 year: 2016 end-page: 724 ident: bib0060 article-title: Solution and estimation methods for DSGE models publication-title: Handbook of Macroeconomics – volume: 22 start-page: 1342 year: 2014 end-page: 1367 ident: bib0040 article-title: Ex-ante analysis of the regional impacts of the Common Agricultural Policy: A rural–urban recursive dynamic CGE model approach publication-title: European Planning Studies – volume: 66 start-page: 415 year: 2014 end-page: 441 ident: bib0155 article-title: The impact of pillar II funding: Validation from a modelling and evaluation perspective publication-title: Journal of Agricultural Economics – volume: 37 start-page: 369 year: 2002 end-page: 395 ident: bib0165 article-title: Markets for risk and openness to trade: How are they related? publication-title: Journal of International Economics – volume: 162 start-page: 35 year: 2011 end-page: 43 ident: bib0135 article-title: Agricultural arbitrage and risk preferences publication-title: Journal of Econometrics – volume: 30 start-page: 446 year: 2013 end-page: 457 ident: bib0140 article-title: Policy reform and agricultural land abandonment in the EU publication-title: Land Use Policy – year: 2004 ident: bib0075 article-title: Impacts of the eastern Europe accession and the mid-term CAP reform publication-title: Agricultural policy reform and the WTO – volume: 91 start-page: 154 year: 2009 end-page: 167 ident: bib0095 article-title: Do futures benefit farmers? publication-title: American Journal of Agricultural Economics – volume: 39 start-page: 75 year: 2012 end-page: 94 ident: bib0125 article-title: Modelling the effects of an abolition of the EU sugar quota on internal prices, production and imports publication-title: European Review of Agricultural Economics – year: 2002 ident: bib0080 article-title: Conceptual foundations of expectations and implications for estimation of risk behavior publication-title: A comprehensive assessment of the role of risk in US agriculture – volume: 41 start-page: 605 year: 2014 end-page: 626 ident: bib0035 article-title: Distributional effects of CAP liberalisation on western German farm incomes: An ex-ante analysis publication-title: European Review of Agricultural Economics – volume: 96 start-page: 131 year: 2015 end-page: 165 ident: bib0025 article-title: Economic modelling of agricultural production: Past advances and new challenges publication-title: Review of Agricultural and Environmental Studies – year: 2005 ident: bib0085 article-title: GTAP-Agr: A framework for assessing the implications of multilateral changes in agricultural policies – volume: 59 start-page: 126 year: 2016 end-page: 138 ident: bib0170 article-title: How decoupled is the single farm payment and does it matter for international trade? publication-title: Food Policy – volume: 66 start-page: 1 year: 2014 end-page: 19 ident: bib0130 article-title: Green light for green agricultural policies?. An analysis at regional and global scales publication-title: Journal of Agricultural Economics – volume: 80 start-page: 46 year: 1998 end-page: 57 ident: bib0065 article-title: The production effects of agricultural income support policies under uncertainty publication-title: American Journal of Agricultural Economics – volume: 70 start-page: 255 year: 1988 end-page: 267 ident: bib0105 article-title: The value of ideal contingency markets in agriculture publication-title: American Journal of Agricultural Economics – year: 2016 ident: bib0005 article-title: Improving market outcomes publication-title: Enhancing the position of farmers in the supply chain. Report of the Agricultural Markets Task Force – volume: 41 start-page: 28 year: 2013 end-page: 38 ident: bib0115 article-title: The impact of decoupled payments on farm choices: Conceptual and methodological challenges publication-title: Food Policy – volume: 29 start-page: 445 year: 2002 end-page: 470 ident: bib0175 article-title: The agenda 2000 CAP reform, world prices and GATT–WTO export constraints publication-title: European Review of Agricultural Economics – volume: 80 start-page: 46 issue: 1 year: 1998 ident: 10.1016/j.jpolmod.2020.02.008_bib0065 article-title: The production effects of agricultural income support policies under uncertainty publication-title: American Journal of Agricultural Economics doi: 10.2307/3180267 – year: 2004 ident: 10.1016/j.jpolmod.2020.02.008_bib0075 article-title: Impacts of the eastern Europe accession and the mid-term CAP reform – volume: 96 start-page: 131 issue: 01 year: 2015 ident: 10.1016/j.jpolmod.2020.02.008_bib0025 article-title: Economic modelling of agricultural production: Past advances and new challenges publication-title: Review of Agricultural and Environmental Studies – volume: 3 start-page: 1 issue: 1 year: 2014 ident: 10.1016/j.jpolmod.2020.02.008_bib0110 article-title: Does the “green box” of the European Union distort global markets? publication-title: Bio-based and Applied Economics – volume: 37 start-page: 369 year: 2002 ident: 10.1016/j.jpolmod.2020.02.008_bib0165 article-title: Markets for risk and openness to trade: How are they related? publication-title: Journal of International Economics doi: 10.1016/S0022-1996(01)00153-2 – volume: 162 start-page: 35 issue: 1 year: 2011 ident: 10.1016/j.jpolmod.2020.02.008_bib0135 article-title: Agricultural arbitrage and risk preferences publication-title: Journal of Econometrics doi: 10.1016/j.jeconom.2009.10.007 – year: 2010 ident: 10.1016/j.jpolmod.2020.02.008_bib0050 – volume: Vol. 2 start-page: 527 year: 2016 ident: 10.1016/j.jpolmod.2020.02.008_bib0060 article-title: Solution and estimation methods for DSGE models – volume: 23 start-page: 457 issue: 3 year: 2006 ident: 10.1016/j.jpolmod.2020.02.008_bib0015 article-title: Endogenous risk and long run effects of liberalization in a global analysis framework publication-title: Economic Modelling doi: 10.1016/j.econmod.2005.12.004 – volume: 38 start-page: 1040 issue: 6 year: 2016 ident: 10.1016/j.jpolmod.2020.02.008_bib0045 article-title: Incorporating farm structural change in models assessing the common agricultural policy: An application in the capri farm type model publication-title: Journal of Policy Modeling doi: 10.1016/j.jpolmod.2016.03.005 – volume: 39 start-page: 75 issue: 1 year: 2012 ident: 10.1016/j.jpolmod.2020.02.008_bib0125 article-title: Modelling the effects of an abolition of the EU sugar quota on internal prices, production and imports publication-title: European Review of Agricultural Economics doi: 10.1093/erae/jbr043 – volume: 66 start-page: 415 issue: 2 year: 2014 ident: 10.1016/j.jpolmod.2020.02.008_bib0155 article-title: The impact of pillar II funding: Validation from a modelling and evaluation perspective publication-title: Journal of Agricultural Economics doi: 10.1111/1477-9552.12091 – volume: 37 start-page: 553 issue: 4 year: 2015 ident: 10.1016/j.jpolmod.2020.02.008_bib0145 article-title: The risk attitudes of US farmers publication-title: Applied Economic Perspectives and Policy doi: 10.1093/aepp/ppv022 – volume: 59 start-page: 126 year: 2016 ident: 10.1016/j.jpolmod.2020.02.008_bib0170 article-title: How decoupled is the single farm payment and does it matter for international trade? publication-title: Food Policy doi: 10.1016/j.foodpol.2016.01.003 – volume: 34 start-page: 81 issue: 1 year: 2012 ident: 10.1016/j.jpolmod.2020.02.008_bib0030 article-title: The impact of CAP policy in farmer's behavior – A modeling approach using the Cumulative Prospect Theory publication-title: Journal of Policy Modeling doi: 10.1016/j.jpolmod.2011.03.009 – volume: 71 start-page: 3 issue: 1 year: 2020 ident: 10.1016/j.jpolmod.2020.02.008_bib0070 article-title: Measuring farmer risk preferences in Europe: A systematic review publication-title: Journal of Agricultural Economics doi: 10.1111/1477-9552.12325 – volume: 70 start-page: 255 issue: 2 year: 1988 ident: 10.1016/j.jpolmod.2020.02.008_bib0105 article-title: The value of ideal contingency markets in agriculture publication-title: American Journal of Agricultural Economics doi: 10.2307/1242065 – volume: 41 start-page: 605 issue: 4 year: 2014 ident: 10.1016/j.jpolmod.2020.02.008_bib0035 article-title: Distributional effects of CAP liberalisation on western German farm incomes: An ex-ante analysis publication-title: European Review of Agricultural Economics doi: 10.1093/erae/jbt034 – volume: 91 start-page: 895 issue: 4 year: 2009 ident: 10.1016/j.jpolmod.2020.02.008_bib0090 article-title: The indirect land use impacts of United States biofuel policies: The importance of acreage, yield, and bilateral trade responses publication-title: American Journal of Agricultural Economics doi: 10.1111/j.1467-8276.2009.01308.x – year: 2016 ident: 10.1016/j.jpolmod.2020.02.008_bib0005 article-title: Improving market outcomes – year: 2013 ident: 10.1016/j.jpolmod.2020.02.008_bib0055 – volume: 66 start-page: 1 issue: 1 year: 2014 ident: 10.1016/j.jpolmod.2020.02.008_bib0130 article-title: Green light for green agricultural policies?. An analysis at regional and global scales publication-title: Journal of Agricultural Economics doi: 10.1111/1477-9552.12065 – year: 2005 ident: 10.1016/j.jpolmod.2020.02.008_bib0085 – volume: 29 start-page: 445 issue: 4 year: 2002 ident: 10.1016/j.jpolmod.2020.02.008_bib0175 article-title: The agenda 2000 CAP reform, world prices and GATT–WTO export constraints publication-title: European Review of Agricultural Economics doi: 10.1093/eurrag/29.4.445 – volume: 22 start-page: 1342 issue: 7 year: 2014 ident: 10.1016/j.jpolmod.2020.02.008_bib0040 article-title: Ex-ante analysis of the regional impacts of the Common Agricultural Policy: A rural–urban recursive dynamic CGE model approach publication-title: European Planning Studies doi: 10.1080/09654313.2013.786683 – volume: 30 start-page: 446 issue: 1 year: 2013 ident: 10.1016/j.jpolmod.2020.02.008_bib0140 article-title: Policy reform and agricultural land abandonment in the EU publication-title: Land Use Policy doi: 10.1016/j.landusepol.2012.04.005 – year: 2002 ident: 10.1016/j.jpolmod.2020.02.008_bib0080 article-title: Conceptual foundations of expectations and implications for estimation of risk behavior – volume: 41 start-page: 28 year: 2013 ident: 10.1016/j.jpolmod.2020.02.008_bib0115 article-title: The impact of decoupled payments on farm choices: Conceptual and methodological challenges publication-title: Food Policy doi: 10.1016/j.foodpol.2013.04.001 – volume: 91 start-page: 154 issue: 1 year: 2009 ident: 10.1016/j.jpolmod.2020.02.008_bib0095 article-title: Do futures benefit farmers? publication-title: American Journal of Agricultural Economics doi: 10.1111/j.1467-8276.2008.01162.x – volume: 72 start-page: 1329 issue: 5 year: 2004 ident: 10.1016/j.jpolmod.2020.02.008_bib0100 article-title: Measuring expectations publication-title: Econometrica doi: 10.1111/j.1468-0262.2004.00537.x – start-page: 452 year: 1981 ident: 10.1016/j.jpolmod.2020.02.008_bib0120 – volume: 25 start-page: 377 issue: 3 year: 2016 ident: 10.1016/j.jpolmod.2020.02.008_bib0020 article-title: Impact of EU agricultural policy on developing countries: A Uganda case study publication-title: Journal of International Trade and Economic Development doi: 10.1080/09638199.2015.1069884 – volume: 41 start-page: 140 issue: 1 year: 2019 ident: 10.1016/j.jpolmod.2020.02.008_bib0160 article-title: Modeling agricultural risk management policies – The implementation of the Income Stabilization Tool in Italy publication-title: Journal of Policy Modeling doi: 10.1016/j.jpolmod.2018.03.003 – volume: 51 start-page: 119 year: 2015 ident: 10.1016/j.jpolmod.2020.02.008_bib0010 article-title: The EU budget battle: Assessing the trade and welfare impacts of CAP budgetary reform publication-title: Food Policy doi: 10.1016/j.foodpol.2015.01.004 – year: 2006 ident: 10.1016/j.jpolmod.2020.02.008_bib0150 |
| SSID | ssj0005806 |
| Score | 2.278718 |
| Snippet | Over the last 30 years, the European Union has significantly reformed its Common Agricultural Policy by introducing direct payments to farmers and reducing... |
| SourceID | hal crossref elsevier |
| SourceType | Open Access Repository Enrichment Source Index Database Publisher |
| StartPage | 712 |
| SubjectTerms | Common agricultural policy Quantitative Finance Risk Risk contingent market Stochastic modeling |
| Title | Reforming the European Common Agricultural Policy: From price & income support to risk management |
| URI | https://dx.doi.org/10.1016/j.jpolmod.2020.02.008 https://hal.inrae.fr/hal-02911593 |
| Volume | 42 |
| hasFullText | 1 |
| inHoldings | 1 |
| isFullTextHit | |
| isPrint | |
| link | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwnV3PT9swFH6i5bLLxIBphQ1ZCE3skDaxncTZrUJU3Q9xGCBxs-IfHVS0iUrZcX_73kucoh0QEkc7eYnlZ_t9sr73PYATKbiySiZRNrNxJJ1MI5PbBDde4UvPHZXiJrbFRTa9lt9v0pstOOtyYYhWGc7-9kxvTuvQMwqzOarv7kaXjdZ7ITCECapIpnqwzUWRpX3YHn_7Mb14YnqopsQmvR-RwVMiz2g-nNfV_aIizVAet-qd6rkQ1bvtLlub4DPZgbcBNbJxO7B3sOWXu7ATuGv4IOzQXRi06bZdxwM7DbrSX_ag_OUJoWKsYoj6WHcPzyhHpFqy8e_VRoeDtXLBX9lkVS1YTcJD7DMjIYeFZw-PNYF2tq4YEdPZYsOg2YfryfnV2TQKFRYiK2O1jkohYmtcpoiLXIhGXtDx1BoEXU4ZDP1lzl2sLDexy0pfCDkzM2w5j9jASvEe-stq6T8Ac_kszxNcEKZEK14YBFNGSldakfsiSQcgu0nVNsiPUxWMe93xzOY6-EKTL3TMNfpiAMONWd3qb7xkoDqP6f8WksYY8ZLpMXp48xsS3p6Of2rqizkGhbQQf5KD13__EN5Qq6VLfoT-evXoPyGkWZsj6A3_Jkdh4f4DmLb1ig |
| linkProvider | Elsevier |
| linkToHtml | http://utb.summon.serialssolutions.com/2.0.0/link/0/eLvHCXMwnV3NT9swFH8CdhiXibEhuk8LITQOaRPbaZzdKrSqg44DHxI3K_4otKJNVMqO-9v3XuJ07DAh7RjbL4n8bL-frN_7PYBDKbiySiZRf2LjSDqZRiazCW683BeeOyrFTWyL8_7oWp7epDcbcNLmwhCtMpz9zZlen9ahpRdms1dNp73LWus9FxjCBFUkU5vwQqYiI15f99cTnoeqC2zS6IiG_0nj6c26s6q8n5ekGMrjRrtT_StAbd61V6116BnuwKuAGdmg-a3XsOEXu7ATmGvYEfbnLnSaZNu24YF9CarSx2-guPCETzFSMcR8rL2FZ5QhUi7Y4Ha5VuFgjVjwVzZclnNWkewQO2Ik4zD37OGxIsjOViUjWjqbr_kzb-F6-O3qZBSF-gqRlbFaRYUQsTWur4iJnItaXNDx1BqEXE4ZDPxFxl2sLDex6xc-F3JiJvjkPCIDK8UebC3Khd8H5rJJliW4HEyBVjw3CKWMlK6wIvN5knZAtpOqbRAfpxoY97plmc108IUmX-iYa_RFB7prs6pR33jOQLUe038tI40R4jnTA_Tw-jMkuz0ajDW1xRxDQpqLn8m7_3__Z3g5uvox1uPv52fvYZt6GuLkB9haLR_9RwQ3K_OpXry_Aa1a9lU |
| openUrl | ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info%3Asid%2Fsummon.serialssolutions.com&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Reforming+the+European+Common+Agricultural+Policy%3A+From+price+%26+income+support+to+risk+management&rft.jtitle=Journal+of+policy+modeling&rft.au=Gohin%2C+Alexandre&rft.au=Zheng%2C+Yu&rft.date=2020-05-01&rft.pub=Elsevier&rft.issn=0161-8938&rft.volume=42&rft.issue=3&rft.spage=712&rft.epage=727&rft_id=info:doi/10.1016%2Fj.jpolmod.2020.02.008&rft.externalDBID=HAS_PDF_LINK&rft.externalDocID=oai_HAL_hal_02911593v1 |
| thumbnail_l | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/lc.gif&issn=0161-8938&client=summon |
| thumbnail_m | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/mc.gif&issn=0161-8938&client=summon |
| thumbnail_s | http://covers-cdn.summon.serialssolutions.com/index.aspx?isbn=/sc.gif&issn=0161-8938&client=summon |