Single Payments of the CAP: Where Do the Rents Go?
AbstractBased on a simple graphical model we analyze the effects of the introduction of the single payment scheme (SPS) in the EU in 2003 on land prices and the distribution of rents. In particular, we are interested in if the single payments are capitalized into agricultural land values. All three different ways to implement the SPS are discussed: the historical model, the regional model and the hybrid model. We show that the outcome crucially depends on the proportion of agricultural area to entitlements and which model is in place.
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Bibliographic InfoPaper provided by Technische Universität München, Environmental Economics and Agricultural Policy Group in its series Discussion Papers with number 012007.
Length: 20 pages
Date of creation: 2007
Date of revision:
single payments; CAP; decoupling; agricultural land prices;
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- CAP reform uncertainty and the market for entitlements - by Alan Matthews
by Alan Matthews in CAP Reform.eu on 2013-04-03 16:03:38
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