Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 435330
Title The value of economic simulation experiments in analyzing changes in direct payments and Dutch dairy farmers’ strategies
Author(s) Samson, G.S.
Source In: Book of Abstracts of the WASS PhD Day 2012, 15 may 2012, Wageningen, the Netherlands. - Wageningen UR, WASS - p. 16 - 16.
Event WASS PhD DAY 2012, Wageningen, 2012-05-10/2012-05-10
Department(s) Agricultural Economics and Rural Policy Group
WASS
Publication type Abstract in scientific journal or proceedings
Publication year 2012
Abstract This research shows the value of using economic simulation experiments in analyzing farmer behavior with respect to proposed Common Agricultural Policy changes and the provision of public goods by farmers. Explicit attention is paid to the way experimental economics complements existing neo-classical microeconomic producer theory when analyzing farm behavior. Most important differences found between neo-classical microeconomic models and the specific simulation experiment we evaluate in this study are first, neo-classical models presume cost minimization or profit maximization, whereas in the experiment this was not presumed. Second, the experiment is more flexible in context of farming strategies; in neo-classical models strategies are limited to adjusting only in- and output quantities and the simulation experiment is not. Third, in neo-classical models the production factors are assumed to be homogenous, whereas in the simulation experiment they are allowed to be heterogeneous. Fourth, the simulation experiment with farmers allows for heterogeneous price expectations, formulated by the farmers themselves whereas neo-classical models usually use uniform price expectations defined by the modeler. Finally, this assessment is useful in setting a suitable implementation of the Common Agricultural Policy in the Netherlands for the future.
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