This chapter discusses the link between bioeconomy economics and policies and economic theory. Starting from the measurement of well-being, the link to the importance of irreversibility is established and the importance is stressed of a detailed understanding of the current situation (state of nature). This includes the situation of the agricultural sector and provides the link to the farm household theory. In general, a number of policy options exists for improving the current state of nature and they need to be compared as part of a policy analysis to illustrate the trade-offs.
|Title of host publication||EU Bioeconomy Economics and Policies|
|Editors||L. Dries, W. Heijman, R. Jongeneel, K. Purnhagen, J. Wesseler|
|Place of Publication||Cham|
|Publication status||Published - 28 Nov 2019|
|Name||Palgrave Advances in Bioeconomy: Economics and Policies|
Wesseler, J., Jongeneel, R., & Purnhagen, K. (2019). Bioeconomy Economics and Policies. In L. Dries, W. Heijman, R. Jongeneel, K. Purnhagen, & J. Wesseler (Eds.), EU Bioeconomy Economics and Policies (Vol. I, pp. 7-16). (Palgrave Advances in Bioeconomy: Economics and Policies). Palgrave. https://doi.org/10.1007/978-3-030-28634-7_2