Benefits, Opportunities, Costs and Risks (BOCR) Models and Contingency Valuation for Estimating the Provision of Public Goods in Bulgarian Agriculture: South-Central Planning Region

Dimitre Nikolov (), Adriana Mihnea (), Teodor Radev (), Petar Borisov, Ivan Boevsky () and Andrei Radutu ()
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Dimitre Nikolov: Institute for Agricultural Economics, Sofia, Bulgaria
Adriana Mihnea: The Bucharest University of Economic Studies, Romania
Teodor Radev: The Agrarian University, Plovdiv, Bulgaria
Ivan Boevsky: Institute for Agricultural Economics, Sofia, Bulgaria
Andrei Radutu: The Bucharest University of Economic Studies, Romania

International Conference on Competitiveness of Agro-food and Environmental Economy Proceedings, 2017, vol. 6, 42-49

Abstract: This paper builds a multi-criterial model in the special template of the Benefits, Opportunities, Costs and Risks (BOCR) using Analytic Network Processes (ANP) technique having as alternatives three main public goods in Bulgarian agriculture: South Central Planning Region. The specific construction of the model allows it to further articulate on specific Bulgarian policy considerations derived from the European Union�s Common Agricultural Policy (CAP) and to design policy recommendations so that one specific public good �if wanted-is stimulated. Sensitivity analysis concluding the paper provides an insight over the derived relative importance of public goods on particular directives in the CAP. Also, all the methodology and particular surveys administrated in Bulgaria could be easily replicated in context countries and determine specific and effective policies mix to enforce, for example, significant improvements in the Public Goods� (PG) provision in agriculture across EU�s countries as well as to determine more precise monetary values associated with these improves.

Keywords: public goods; multi-criteria analysis; analytic network processes; contingency valuation (search for similar items in EconPapers)
Date: 2017
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