000141149 001__ 141149
000141149 005__ 20181130223342.0
000141149 0247_ $$2Other$$aISSN 0046-5518
000141149 037__ $$a80-2016-533
000141149 037__ $$a80-2016-1655
000141149 041__ $$aen_US
000141149 245__ $$aTHE COMMON AGRICULTURAL POLICY IN RELATION TO INSTITUTIONAL ECONOMICS
000141149 260__ $$c2006
000141149 269__ $$a2006
000141149 300__ $$a12
000141149 336__ $$aJournal Article
000141149 490__ $$a50.
000141149 490__ $$a17. Spec. Issue
000141149 520__ $$aThe EU’s Common Agricultural Policy (CAP) boasts such a unique system of aims and tools that it assumes and requires the presence of a serious, national institutional background for its implementation. However, if the necessary tools cannot – or can only partly – be utilised, due to an inadequate institutional framework, this endangers the achievement of the proposed aims. The agricultural policy can, therefore, only be fully executed within the appropriate institutional system.
It is an important task to independently analyse the functioning of key elements of the EAGGF Guarantee Payments system responsible for a significant proportion of support: the Payment Agency, and the Integrated Administration and Control System, which is necessary for managing the predominantly direct payments from the Guarantee Department. Beyond this it is necessary that both should be studied in a wider context, in terms of the new institutional economics that draws attention to information deficiencies and transaction costs.
The asymmetric nature of the information provided to Member States’ governments in relation to performing their delegated, payment-related tasks, requires a high level of monitoring, control and enforcement by Community institutions and the Commission. The deficiencies of shared management, which characterise the CAP may be seen as problems to be faced by both Old and New Member States and which can be handled by means of the principal-agent model.
Regarding transaction costs our attention should primarily focus on policy-related transaction costs. This issue has been gaining in importance in the case of the ever-changing CAP of the past 13 years. One significant question is whether in the course of a given policy amendment the implementation of new measures will cost more or less than the previous ones, while another is where to set the trade-off between costs and precision (targeting).
000141149 542__ $$fLicense granted by Katalin Takács-György (tgyk@karolyrobert.hu) on 2012-12-18T13:50:26Z (GMT):

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000141149 650__ $$aAgricultural and Food Policy
000141149 6531_ $$aNew Institutional Economics
000141149 6531_ $$aPolicy related transaction costs
000141149 6531_ $$atrade off between costs and precision
000141149 6531_ $$aCommon Agricultural Policy of the EU
000141149 700__ $$aVasary, Viktoria
000141149 773__ $$d2006$$j 50$$kSpecial Edition 17$$o46$$q35$$tGAZDÁLKODÁS: Scientific Journal on Agricultural Economics
000141149 8564_ $$s93486$$uhttps://ageconsearch.umn.edu/record/141149/files/VasaryV_2006_17.pdf
000141149 887__ $$ahttp://purl.umn.edu/141149
000141149 909CO $$ooai:ageconsearch.umn.edu:141149$$pGLOBAL_SET
000141149 912__ $$nSubmitted by Katalin Takács-György (tgyk@karolyrobert.hu) on 2012-12-18T13:52:52Z
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  Previous issue date: 2006
000141149 982__ $$gGAZDÁLKODÁS: Scientific Journal on Agricultural Economics>Volume 50, Special Issue, Number 17, 2006
000141149 980__ $$a80