<abstract xmlns="http://www.w3.org/1999/xhtml"><p> This paper addresses the issue of matching agricultural policy with public preferences and willingness to pay for the possible non-market benefits that agriculture may deliver. The main goal is to review and to assess the policy relevance of the information derived by the preference-based valuation studies of non-commodity outputs of agriculture in the Czech Republic. First, the AHP was employed to examine the trade-offs between different identified functions (outputs) of agriculture, and to derive preference order in non-monetary context. In the second stage, the complex monetary value of non-market benefits was estimated using open-ended CVM question and the estimated value was then decomposed according to attribute preference weights.</p></abstract>

This paper addresses the issue of matching agricultural policy with public preferences and willingness to pay for the possible non-market benefits that agriculture may deliver. The main goal is to review and to assess the policy relevance of the information derived by the preference-based valuation studies of non-commodity outputs of agriculture in the Czech Republic. First, the AHP was employed to examine the trade-offs between different identified functions (outputs) of agriculture, and to derive preference order in non-monetary context. In the second stage, the complex monetary value of non-market benefits was estimated using open-ended CVM question and the estimated value was then decomposed according to attribute preference weights.

Economic Evaluation of Multifunctional Agriculture Outputs in The Czech Republic: Matching Agricultural Policy with Social Requirements

Department of regional and business economics, FRRMS MZLU in Brno, Brno, Czech Republic

Visegrad Journal on Bioeconomy and Sustainable Development

This paper addresses the issue of matching agricultural policy with public preferences and willingness to pay for the possible non-market benefits that...

Economic Evaluation of Multifunctional Agriculture Outputs in The Czech Republic: Matching Agricultural Policy with Social Requirements

Published Online: Sep 06, 2013

Page range: 19 - 27

DOI: https://doi.org/10.2478/vjbsd-2013-0004

This content is open access.