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Butter mountains and wine lakes.

Reinhorn, L. J. (2007) 'Butter mountains and wine lakes.', Economics letters., 94 (2). pp. 197-201.

Abstract

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.

Item Type:Article
Keywords:Price supports, Excess supply, Stockpiles, Optimal taxation.
Full text:PDF - Accepted Version (96Kb)
Status:Peer-reviewed
Publisher Web site:http://dx.doi.org/10.1016/j.econlet.2006.06.029
Record Created:26 Aug 2008
Last Modified:17 Aug 2011 09:35

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