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Price Support, Acreage Controls, and Efficient Redistribution

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  • Gisser, Micha

Abstract

This study is concerned with the combination of target price and acreage controls as the two major mechanisms of farm policy. Acreage controls are shown to enhance the efficiency of redistribution under a target price program. More specifically, this study demonstrates that, if the traditional Cobb-Douglas production function is assumed, acreage controls do not enhance the efficiency of target price programs in the process of redistributing income to the farm sector. The study proves that, if the elasticity of substitution between land and all other inputs is less than one, then the income redistributional costs are likely to be reduced. Copyright 1993 by University of Chicago Press.

Suggested Citation

  • Gisser, Micha, 1993. "Price Support, Acreage Controls, and Efficient Redistribution," Journal of Political Economy, University of Chicago Press, vol. 101(4), pages 584-611, August.
  • Handle: RePEc:ucp:jpolec:v:101:y:1993:i:4:p:584-611
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    Cited by:

    1. Alston, Julian M. & Smith, Vincent H. & Acquaye, Albert & Hosseini, Safdar, 1999. "Least-cost cheap-food policies: some implications of international food aid," Agricultural Economics, Blackwell, vol. 20(3), pages 191-201, May.
    2. Pierre-Alain Jayet, 2001. "Évaluation de politiques de retrait des terres pour la régulation d'un marché agricole," Annals of Economics and Statistics, GENES, issue 61, pages 119-150.
    3. Sergio H. Lence & Dermot J. Hayes, 2002. "U.S. Farm Policy and the Volatility of Commodity Prices and Farm Revenues," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(2), pages 335-351.
    4. Crepin, Anne-Sophie & Jayet, Pierre-Alain, 2002. "Set-Aside versus Quotas in Contracts for Agro-Environmental Regulation," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24950, European Association of Agricultural Economists.
    5. Koen Deconinck & Johan Swinnen, 2015. "The economics of planting rights in wine production," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 42(3), pages 419-440.
    6. Bullock, D. S. & Salhofer, K., 1998. "Measuring the social costs of suboptimal combinations of policy instruments: A general framework and an example," Agricultural Economics, Blackwell, vol. 18(3), pages 249-259, May.
    7. Bullock, David S. & Dadakas, Dimitrios & Katranidis, Stelios D., 2009. "Measuring the Effects of Technology Change in Multiple Markets : Application to the Greek Cotton Yarn Industry," MPRA Paper 67204, University Library of Munich, Germany, revised 2012.
    8. Pierre R. Mérel, 2008. "On the Deadweight Cost of Production Requirements for Geographically Differentiated Agricultural Products," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 91(3), pages 642-655.
    9. Kuroda, Yoshimi & Abdullah, Naziruddin, 2003. "Impacts of Set-Aside and R&E Policies on Agricultural Productivity in Japan, 1965-97," Japanese Journal of Rural Economics, Agricultural Economics Society of Japan (AESJ), vol. 5.
    10. Bullock, David S. & Salhofer, Klaus, 2003. "Judging agricultural policies: a survey," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 28(3), May.
    11. Nancy H. Chau & Harry de Gorter, 2005. "Disentangling the Consequences of Direct Payment Schemes in Agriculture on Fixed Costs, Exit Decisions, and Output," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 87(5), pages 1174-1181.
    12. Pierre-Alain Jayet & Gilles Rotillon, 2002. "Retrait des terres et subsidiarité dans le cadre de la Politique Agricole Commune," Recherches économiques de Louvain, De Boeck Université, vol. 68(4), pages 407-428.
    13. Fertő, Imre, 1998. "Az agrárpolitika politikai gazdaságtana I. A kormányzati politikák modellezése a mezőgazdaságban
      [The political economy of agrarian politics. Part I. Modeling of governmental policies in agricultur
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 223-246.
    14. Salhofer, Klaus & Schmid, Erwin, 2004. "Distributive leakages of agricultural support: some empirical evidence," Agricultural Economics, Blackwell, vol. 30(1), pages 51-62, January.
    15. David S. Bullock & Klaus Salhofer & Jukka Kola, 1999. "The Normative Analysis of Agricultural Policy: A General Framework and Review," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(3), pages 512-535.
    16. Sergio H. Lence & Dermot J. Hayes, 2002. "U.S. Farm Policy and the Volatility of Commodity Prices and Farm Revenues," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(2), pages 335-351.
    17. Bourgeon, Jean-Marc & Jayet, Pierre-Alain & Picard, Pierre, 1995. "An incentive approach to land set-aside programs," European Economic Review, Elsevier, vol. 39(8), pages 1487-1509, October.
    18. Sumner, Daniel A & Antle, John M & Gardner, Bruce L, 2004. "Contributions of D. Gale Johnson to the Economics of Agriculture," Economic Development and Cultural Change, University of Chicago Press, vol. 52(3), pages 659-679, April.
    19. Ando, Amy, 1998. "Do Interest Groups Compete?," Discussion Papers dp-98-14, Resources For the Future.
    20. Bullock, David S. & Salhofer, Klaus, 1998. "A Note On The Efficiency Of Income Redistribution With Simple And Combined Policies," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 27(2), October.

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