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:||PDF - Accepted Version (96Kb)|
|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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