Lost in space? The effect of direct payments on land rental prices
Lost in space? The effect of direct payments on land rental prices
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迷失在太空?
DOI:
10.1093/erae/jbx027
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发表时间:
2018
影响因子:
3.4
通讯作者:
Graubner
中科院分区:
文献类型:
--
作者:
Graubner
Decoupled direct payments are a major tool of agricultural policy to support farm income. Since these subsidies are tied to land, the question arises as to who benefits from them when farmers are not the landowners. While theoretical models commonly predict that most of the payments transfer to land prices, empirical findings show that this incidence is low instead. Approaching the issue from the perspective of spatial competition, this paper produces results consistent with empirical evidence. Incidence varies with the competitiveness of the market, ranging from perfect subsidy transfer under specific conditions to low or zero incidence for most of the cases considered.
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