Food risks may be caused by moral hazard, i.e. by opportunistic behaviour of upstream sellers who exploit the fact that many food product qualities remain uncertain to downstream buyers in the course of conventional market transactions (credence qualities). Due to this lack of market...

Investment decisions are, as a rule, characterized by uncertainty, irreversibility and flexibility. Simple net present value calculations will not account for these features. In many situations even flexible investment planning with decision trees, which represents the most advanced method of...

A number of economic models have been applied to analyse the Common Agricultural Policy. The partial equilibrium models CAPRI, ESIM, AGLINK, AGMEMOD and CAPSIM and the general equilibrium models GLOBE and GTAP are currently integrated in a modelling platform for Agro-Economic Policy Analysis in...

The AGMEMOD Partnership seeks to capture the inherent existing heterogeneity of agricultural systems by linking together individual EU Member State models, an aggregated EU model and several accession countries into one single model, while still maintaining analytical consistency. Although this...

A lot of research is carried out on the Contingent Valuation Method to assess environmental goods. However, the method is rarely applied to quantify reimbursements for agri-environmental policy. In this paper, this contradiction is explained by conceptual shortcomings of the Contingent...

Increasing demand for policy impact assessment regarding social, economic and environmental aspects asks for combined application of different models and tools. The paper discusses concepts and challenges in linking models, taking CAPRI (Common Agricultural Policy Regionalised Impact) model as...

The complexity of agri-environmental economic issues is such that a model that is fully consistent at all levels of aggregation and all type of questions to be addressed is not available at the Agricultural Economics Research Institute in the Hague LEI. Such a model is probably also not...