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

Author

Listed:
  • Dimitre Nikolov

    (Institute for Agricultural Economics, Sofia, Bulgaria)

  • Adriana Mihnea

    (The Bucharest University of Economic Studies, Romania)

  • Teodor Radev

    (The Agrarian University, Plovdiv, Bulgaria)

  • Peter Borisov

    (The Agrarian University, Plovdiv, Bulgaria)

  • Ivan Boevsky

    (Institute for Agricultural Economics, Sofia, Bulgaria)

  • Andrei Radutu

    (The Bucharest University of Economic Studies, Romania)

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.

Suggested Citation

  • Dimitre Nikolov & Adriana Mihnea & Teodor Radev & Peter Borisov & Ivan Boevsky & Andrei Radutu, 2017. "Benefits, Opportunities, Costs and Risks (BOCR) Models and Contingency Valuation for Estimating the Provision of Public Goods in Bulgarian Agriculture: South-Central Planning Region," International Conference on Competitiveness of Agro-food and Environmental Economy Proceedings, The Bucharest University of Economic Studies, vol. 6, pages 42-49.
    • Handle: RePEc:aes:icafee:v:6:y:2017:p:42-49
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    References listed on IDEAS

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    2. Zein Kallas & José A. Gómez‐Limón & Jesús Barreiro Hurlé, 2007. "Decomposing the Value of Agricultural Multifunctionality: Combining Contingent Valuation and the Analytical Hierarchy Process," Journal of Agricultural Economics, Wiley Blackwell, vol. 58(2), pages 218-241, June.
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