How to design a targeted agricultural subsidy system: efficiency or equity?

In this paper we appraise current agricultural subsidy policy in the EU. Several sources of its inefficiency are identified: it is inefficient for supporting farmers' incomes or guaranteeing food security, and irrational transfer payments decoupled from actual performance that may be negative f...

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Bibliographic Details
Main Authors: Rong-Gang Cong, Mark Brady
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2012-01-01
Series:PLoS ONE
Online Access:http://europepmc.org/articles/PMC3410909?pdf=render