Abstract
Most models routinely used for modelling the impact of
agricultural policies at the farm level are based on rather
unrealistic assumptions. One of the most common is the
assumption of static behaviour by farmers. In fact, most
models assume an immediate response to a policy and/or
a market change, without modelling the adjustment path
that leads farms from the initial equilibrium to the new one.
Of course, modelling the dynamic path of farmers decisionmaking
makes the models much more realistic, especially
when they aim to analyse issues for which the time
component is essential. Thus the objective of this chapter is
to analyse a set of models that try to relax the assumption
of static behaviour by farmers.
| Lingua originale | English |
|---|---|
| Titolo della pubblicazione ospite | Farm level modelling of CAP: a methodological overview |
| Editor | Stephen Langrell |
| Pagine | 47-52 |
| Numero di pagine | 6 |
| Stato di pubblicazione | Pubblicato - 2013 |
Keywords
- CAP
- Dynamic Modelling