This paper contains a substantial revision of a previous paper with the same title.

After a long debate between political bodies of the EU, the final decision about the shape of the CAP in the next programming period has been made. The initial proposal of the European Commission was very ambitious yet, after the announcement of its final version, there is a common belief that...

Price risk in a mathematical programming framework has been confined for a long time to a constant risk aversion specification originally introduced by Freund in 1956. This paper extends the treatment of risk in a mathematical programming framework along the lines suggested by Meyer (1987) who...

The paper describes results obtained investigating the problems of adaptation to climate change of Italian agriculture. It specify a choice process that explicitly considers that farmers base their planning on an awareness of the inherent variability in the climatic conditions of their...