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Agricultural and Applied Economics Association (formerly the American Agricultural Economics Association) >
2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/104108
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| Title: | Decoupled Programs, Payment Incidence, and Factor Markets: Evidence from Market Experiments |
| Authors: | Bastian, Christopher T.
Nagler, Amy M.
Menkhaus, Dale J.
Ehmke, Mariah D.
Whitaker, James B.
Young, C. Edwin |
| Authors (Email): | Bastian, Christopher T. (bastian@uwyo.edu)
Nagler, Amy M. (anagler@uwyo.edu)
Menkhaus, Dale J. (menkhaus@uwyo.edu)
Ehmke, Mariah D. (mehmke@uwyo.edu)
Whitaker, James B. (jwhitaker@uwyo.edu)
Young, C. Edwin (ceyoung@ers.usda.gov) |
| Keywords: | laboratory market experiments
agricultural subsidies
subsidy incidence
land market
ex ante policy analysis |
| JEL Codes: | Q18
D03
C92 |
| Issue Date: | 2011 |
| Series/Report no.: | Selected Paper
12780 |
| Abstract: | We use laboratory market experiments to assess the impact of asymmetric knowledge of a per-unit subsidy and the effect of a decoupled annual income subsidy on factor market outcomes. Results indicate that when the subsidy is tied to the factor as a per-unit subsidy, regardless of full or asymmetric knowledge for market participants, subsidized factor buyers distribute nearly 22 percent of the subsidy to factor sellers. When the subsidy is fully decoupled from the factor, as is the case with the annual payment, payment incidence is mitigated and prices are not statistically different from the no-policy treatment. |
| URI: | http://purl.umn.edu/104108 |
| Institution/Association: | Agricultural and Applied Economics Association>2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania |
| Total Pages: | 23 |
| Collections: | 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania
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| Decoupled Programs Payment Incidence and Factor Markets 2011 AAEA Selected Paper_final.pdf | | 95Kb | PDF | View/Open |
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