Reinhorn, L. J. (2007) 'Butter mountains and wine lakes.', Economics letters., 94 (2). pp. 197-201.
One consequence of the EU's common agricultural policy was surplus: “butter mountains” and “wine lakes.” This paper shows that it may be optimal for the government to stockpile agricultural products as part of an overall plan for income redistribution.
|Keywords:||Price supports, Excess supply, Stockpiles, Optimal taxation.|
|Full text:||(AM) Accepted Manuscript|
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|Publisher Web site:||https://doi.org/10.1016/j.econlet.2006.06.029|
|Date accepted:||No date available|
|Date deposited:||26 August 2008|
|Date of first online publication:||February 2007|
|Date first made open access:||No date available|
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