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| Bastian, Christopher T.; Nagler, Amy M.; Menkhaus, Dale J.; Ehmke, Mariah D.; Whitaker, James B.; Young, C. Edwin. |
| 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. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Laboratory market experiments; Agricultural subsidies; Subsidy incidence; Land market; Ex ante policy analysis; Agricultural and Food Policy; Institutional and Behavioral Economics; Q18; D03; C92. |
| Ano: 2011 |
URL: http://purl.umn.edu/104108 |
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| Somwaru, Agapi; Whitaker, James B.; Vogel, Stephen J.; Morehart, Mitchell J.; Edmondson, William; Young, C. Edwin. |
| Agricultural households adjust to policy changes through market mechanisms by altering: their production mix, labor input, and on- and off-farm investments. Because of the significant heterogeneity among farms in the US agricultural sector, various types of farm households respond to the same policy change in significantly different ways. The parameters used to classify farm households into different typologies may also play a significant role in the interpretation of observed effects of policy changes. This paper, using a highly disaggregated U.S. Computable General Equilibrium (CGE) model, analyzes the distributional impacts of policy changes involving price-contingent government payments on alternative U.S. farm household typologies. We find that... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2007 |
URL: http://purl.umn.edu/9885 |
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| Jones, Keithly G.; Somwaru, Agapi; Whitaker, James B.. |
| A provision of the Food, Conservation, and Energy Act of 2008 requires country of origin labeling (COOL) for certain agricultural commodities. To comply with the law, producers, processors, and retailers face additional production costs associated with labeling, separating, and tracking commodities. Using estimated costs provided by the U.S. Department of Agriculture’s Agricultural Marketing Service (AMS), we simulate the impacts of mandatory COOL on U.S. and global agricultural markets using a global static general equilibrium model (STAGEM). The results show resource adjustments that lead to decreases in production, consumption, and trade flows. The results assume no demand premium for labeled commodities relative to unlabeled commodities. |
| Tipo: Journal Article |
Palavras-chave: Country of origin labeling; Agricultural trade; Global general equilibrium; Marketing. |
| Ano: 2009 |
URL: http://purl.umn.edu/59253 |
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| Whitaker, James B.; Effland, Anne. |
| We estimate the impacts of various types of government payments to U.S. agriculture on different components of farm household consumption. Using 2003 to 2005 data from the Agricultural Resource Management Survey (ARMS), we show that marginal rates of consumption differ by consumption category and income source, including different types of farm program payments. The results suggest that farm households treat income from different sources as imperfect substitutes and may reserve income from specific sources for specific types of consumption. Implications for the effects of different types of government payments on the farm household are considered. |
| Tipo: Journal Article |
Palavras-chave: Agricultural policy; Consumption; Farm households; Government payments; Agricultural and Food Policy. |
| Ano: 2009 |
URL: http://purl.umn.edu/49863 |
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