Sinabell, Franz; Schmid, Erwin; Hofreither, Markus F. - Österreichisches Institut für Wirtschaftsforschung (WIFO) - 2008
Direct payments are the most important expenditure of the Common Agricultural Policy. They are mostly in the form of decoupled direct payments which are intended to be allocatively neutral. Increasing volumes of such transfers imply that distributive aspects of CAP expenditures become more...