Land use policy involves allocating land between production alternatives to meet society’s wants and desires. Increase in the affluence in the United States has increased the demand for environmental flows that could...Land use policy involves allocating land between production alternatives to meet society’s wants and desires. Increase in the affluence in the United States has increased the demand for environmental flows that could be met from public ownership or as joint products of private ownerships. The empirical results of this study indicated that land use patterns remained relatively unchanged between 1947 and 2007. The lack of change suggests that a large part of the demand for environmental services is being as byproducts of other commercial decisions.展开更多
The loan rate and target price are key ingredients in US farm policy. Empirical models of the effect of US agricultural policy are based on different degrees of decoupling between price supports and production. Theore...The loan rate and target price are key ingredients in US farm policy. Empirical models of the effect of US agricultural policy are based on different degrees of decoupling between price supports and production. Theoretically, rational producers will make decisions based on the loan rate rather than the target price. Therefore, models which are estimated based on a target price specification could significantly overestimate the distortionary impact of policy on resource use and production.展开更多
文摘Land use policy involves allocating land between production alternatives to meet society’s wants and desires. Increase in the affluence in the United States has increased the demand for environmental flows that could be met from public ownership or as joint products of private ownerships. The empirical results of this study indicated that land use patterns remained relatively unchanged between 1947 and 2007. The lack of change suggests that a large part of the demand for environmental services is being as byproducts of other commercial decisions.
文摘The loan rate and target price are key ingredients in US farm policy. Empirical models of the effect of US agricultural policy are based on different degrees of decoupling between price supports and production. Theoretically, rational producers will make decisions based on the loan rate rather than the target price. Therefore, models which are estimated based on a target price specification could significantly overestimate the distortionary impact of policy on resource use and production.
