Redistributing income back to european community consumers and taxpayers through the common agricultural policy

Research output: Contribution to journalArticlepeer-review

Abstract

A multiple-policy-instrument generalization of Gardner’s surplus transformation curve analysis is applied to an empirical model of the EC wheat sector to compare welfare effects of policy change proposals. A production quota/support price combination is estimated as the most efficient means of making relatively small transfers from EC agriculture to consumers/taxpayers. A coresponsibility levy/support price combination is estimated as the most efficient means of making larger transfers. The importance of accounting for income transfer size, distortions in related markets, and the structure of markets when comparing welfare effects of policy change proposals is demonstrated.

Original languageEnglish (US)
Pages (from-to)59-67
Number of pages9
JournalAmerican Journal of Agricultural Economics
Volume74
Issue number1
DOIs
StatePublished - Feb 1992
Externally publishedYes

Keywords

  • Coresponsibility levy
  • European Community
  • Government transfers
  • Production quota
  • Support price
  • Surplus transformation curve

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

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