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It seems paradoxical that until recently, developed countries have continued subsidizing agriculture even though their agricultural sectors had been declining in relative importance since the middle of the 20th century. What drives support for agricultural protection—the broad array of...
Persistent link: https://www.econbiz.de/10011068543
We consider a political economy where government cares about risk-averse farmers’ loss of income and yet incurs … their risk). It is assumed that marginal political cost is high enough so that the possibility of monetary support to … their risks through fairly priced insurance In comparing 1) and 3), if the information problems prevent risk-averse farmers …
Persistent link: https://www.econbiz.de/10010881023
temperature on premium rates and subsidies for the Group Risk Plan. We found a statistically significant increase in rates, which …
Persistent link: https://www.econbiz.de/10010916075
Persistent link: https://www.econbiz.de/10010909109
Many studies have done econometric estimates of how climate alters crop yields and or land rents in an effort to gain information on potential effects of climate change. However, an important related factor, the atmospheric carbon dioxide (CO2) concentration, and in fact a driver of climate...
Persistent link: https://www.econbiz.de/10009021056