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| Muth, Mary K.; Rucker, Randal R.; Thurman, Walter N.; Chuang, Ching-Ta. |
| In his 1973 paper, Steven Cheung discredited the "fable of the bees" by demonstrating that markets for beekeeping services exist and that they function well. Although economists heeded Cheung's lessons, policy makers did not. The honey program-the stated purpose of which was to promote the availability of pollination servicesoperated for almost 50 years, supporting the price of honey through a variety of mechanisms. Its effects were minor before the 1980s but then became important with annual government expenditures near $100 million for several years. Reforms of the program in the late 1980s reduced its market effects and budget costs, returning it to its original role as a minor commodity program. The 1996 Farm Bill formally eliminated the honey... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 2001 |
URL: http://purl.umn.edu/29153 |
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