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Table 1 Description of the simulation scenarios referring to the implementation of the IST

From: Effects of the Income Stabilization Tool on farm income level, variability and concentration in Italian agriculture

CodeDescription
IBaseline: current observed situation, including CAP direct payments, but without the IST in place
IIPIST with farmers paying a contribution proportional to their income to the mutual fund
IIFIST with farmers paying a flat rate contribution to the mutual fund
IITheoretical case in which the IST is fully subsidized (i.e., farmers do not pay any contribution to the mutual fund).