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Selected Publication:

Salhofer, K., E. Schmid, and G. Streicher (2006)..
(2006): Testing for Efficiency of a Policy Intended to Meet Objectives: General Model and Application
Journal of Agricultural and Resource Economics, Vol. 31, No. 2, 151-172

This study presents a general model demonstrating how to measure the (in)efficiency of a policy intended to meet objectives. If it is assumed that the government has available only those policy instruments it actually utilizes, our method is a test as to whether the government combines these instruments efficiently. In addition, one could also include other policy instruments, which are not actually used, but are available to the government. Our general model is applied to bread grain policy in Austria. The primary result is that this policy was quite inefficient in meeting the two main objectives of farm income support and self-sufficiency. The stochastic nature of our efficiency measures is acknowledged by taking into account the inherent uncertainty of model parameters. A response surface function is used to identify those parameters which contribute most to model output uncertainty.
Authors BOKU Wien:
Salhofer Klaus
Schmid Erwin

Find related publications in this database (Keywords)
agricultural policy
policy efficiency
statistical policy analysis

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