The Incidence of U.S. Agricultural Subsidies on Farmland Rental Rates
The Incidence of U.S. Agricultural Subsidies on Farmland Rental Rates
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DOI：
10.1086/598688
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发表时间：
2009-02
影响因子：
8.2
通讯作者：
B. Kirwan
中科院分区：
文献类型：
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作者：
B. Kirwan
谁从农业补贴中受益是一个悬而未决的问题。经济学理论预测，所有的补贴都应该发生在农田所有者身上。使用一组补充的政策准实验，我发现，农民谁租他们耕种的土地捕获75%的补贴，只留下25%的土地所有者。这一发现与新古典模型的预测相矛盾。标准的预测可能不成立，因为在农地租赁市场的不完全竞争;土地所有者捕获的份额增加与当地的措施，在农地租赁市场的竞争力。
Who benefits from agricultural subsidies is an open question. Economic theory predicts that the entire subsidy incidence should be on the farmland owners. Using a complementary set of policy quasi experiments, I find that farmers who rent the land they cultivate capture 75 percent of the subsidy, leaving just 25 percent for landowners. This finding contradicts the prediction from neoclassical models. The standard prediction may not hold because of less than perfect competition in the farmland rental market; the share captured by landowners increases with local measures of competitiveness in the farmland rental market.