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2. Risk aversion, technology choice, and equity effects of agricultural policy
- Collection:
- Agricultural Communications Documentation Center (ACDC)
- Contributers:
- Just, Richard E. (author), Zilberman, David (author), and Just: Professor of agricultural and resource economics, University of California, Berkeley, CA; Zilberman: Associate professor of agricultural and resource economics, University of California, Berkeley, CA
- Format:
- Journal article
- Publication Date:
- 1985-05
- Published:
- USA
- Location:
- Agricultural Communications Documentation Center, Funk Library, University of Illinois Box: 84 Document Number: C05318
- Journal Title:
- American Journal of Agricultural Economics
- Journal Title Details:
- 67 (2) : 435-440.
- Notes:
- AGRICOLA AGE 85925871, Extract: This paper draws on some recent rigorous results to illuminate the distributional consequences of agricultural policy. The paper begins by discussing the important characteristics of the agricultural sector that must play a role in a minimally realistic model of distributional effects. Heterogeneity gives rise to different regimes of behavior among farmers. These regimes are used to illustrate the equity effects of agricultural policy.