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Supply response to ...
Supply response to countercyclical payments and base acre updating under uncertainty : an experimental study
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McIntosh, Christopher R (författare)
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- Shogren, Jason F (författare)
- Umeå universitet,Institutionen för nationalekonomi
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Dohlman, Erik (författare)
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(creator_code:org_t)
- 2007-11
- 2007
- Engelska.
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Ingår i: American Journal of Agricultural Economics. - Oxford : Blackwell Publishing. - 0002-9092 .- 1467-8276. ; 89:4, s. 1046-1057
- Relaterad länk:
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https://urn.kb.se/re...
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visa fler...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- We design an experiment to simulate how people make agricultural production decisions under three policy scenarios, each incorporating direct payments (DPs): (a) price uncertainty without countercyclical payments (CCPs); (b) price uncertainty with CCPs; and (c) price uncertainty, CCPs, and uncertainty regarding base acreage updating. Results are the CCP program and perceived possibility of future base updating created incentives for subjects to invest more in program (base) crops, despite payments being decoupled from current production decisions. Those choosing to reduce revenue risk by increasing plantings of base crops may face reduced incomes, suggesting the efficiency of crop markets may be diminished.
Ämnesord
- LANTBRUKSVETENSKAPER -- Annan lantbruksvetenskap -- Miljö- och naturvårdsvetenskap (hsv//swe)
- AGRICULTURAL SCIENCES -- Other Agricultural Sciences -- Environmental Sciences related to Agriculture and Land-use (hsv//eng)
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business (hsv//eng)
Nyckelord
- base acreage
- countercyclical payments
- experiments
- risk
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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