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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