We develop a multi-objective farm-household dynamic integer programming model to simulate investment behaviour in different policy and price scenarios, with a particular focus on the decoupling of the Common Agricultural Policy (CAP). The model takes into account the characteristics of...

Over the years a number of Common Agricultural Policy (CAP) reforms have led to the emergence of a CAP chapter specifically dedicated to rural development, also referred as Pillar 2, and have resulted in a progressive switch of CAP budget from Pillar 1 (i.e. direct support to farmers, including...