Endogenous Participation in Agricultural Support Programs and Ad ValoremEquivalent Modelling
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This paper argues that a price wedge treatment of agricultural supports can seriously misrepresent their welfare and quantity effects. We make our point by focusing on pre-1985 US wheat programs, but features of programs in many other countries lead to comparable problems with the ad valorem
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美国国家经济研究局创建时间：
1988-05-01
