Impact evaluation of market imperfections and relevant policy measures
SUFISA - Sustainable Finance for Sustainable Agriculture and Fisheries
WP3 analyzes the relation between market imperfections, efficiency variations in the sector and environmental impacts in an extended efficiency approach. The impact of market imperfections and relevant policy measures on the efficiency of farmers (objective 3) are investigated through the concept of value added. Value added measures to which extent actors in the food industry receive higher prices for their output than the prices that have been paid for the inputs used in the production process to produce that output.
Value added is used to remunerate all inputs and is essential to study market imperfections. Both market power and asymmetric information will be studied.
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This project has received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 635577.