The impact of Common Agricultural Policy (CAP) reform on farmers’ decisions

il s'agit d'un type de produit dont les métadonnées ne correspondent pas aux métadonnées attendues dans les autres types de produit : DISSERTATIONMaitriseEU has decided a Common Agriculture Policy(CAP) reform in 2003 on decoupling farm subsidies, the 2014-2020 reform follows the spirit of the 2003 reform. In order to investigate the impact of CAP reforms on farmers’ production, consumption and investment decisions, first, I summarize different farm models on farmers’ choice behaviorsin previous literature. Second, I develop my dynamic stochastic farm model with investment. I use second order perturbation method, Bayesian estimation and the Monte Carlo method in solving and estimating my model. With an application with French data, I am expecting a change in farms’ risk aversion level before and after theCAP reform