Productive and Predatory Public Policies: Research Expenditures and Producer Subsidies in Agriculture
作者:
Harry de Gorter,
David J. Nielson,
Gordon C. Rausser,
期刊:
American Journal of Agricultural Economics
(WILEY Available online 1992)
卷期:
Volume 74,
issue 1
页码: 27-37
ISSN:0002-9092
年代: 1992
DOI:10.2307/1242987
出版商: Oxford University Press
数据来源: WILEY
摘要:
AbstractGovernments are postulated to maximize a political preference function in choosing two policy instruments: research expenditures (a productive policy) that improve social welfare and production subsidies (a predatory policy) that incur deadweight losses. Each policy affects the distribution of income between producers and consumers. Governments determine the optimal mix of policies, taking into account interaction effects between research and subsidy expenditures. In addition to providing an explanation for underinvestment in research, the paper determines conditions under which research and subsidy policies are complementary. Such conditions are shown to characterize U.S. agriculture. Underinvestment in research is therefore less severe than in some other countries.
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