ITEM METADATA RECORD
Title: Credit market imperfections and the distribution of policy rents
Authors: Ciaian, P. ×
Swinnen, Jo #
Issue Date: Nov-2009
Publisher: American Agricultural Economics Association
Series Title: American Journal of Agricultural Economics vol:91 issue:4 pages:1124-1139
Abstract: This article shows that credit market imperfections have important implications for the distribution of policy rents. In a model with land as fixed factor and credit market imperfections, when an area payment is given, land rents go up by more than the subsidy. On aggregate farms may lose from the subsidy. The results depend on the extent to which subsidies have direct and indirect effects on the credit constraints, on whether farms rent or own land, and on farm heterogeneity.
ISSN: 0002-9092
Publication status: published
KU Leuven publication type: IT
Appears in Collections:LICOS - Centre for Institutions and Economic Performance, Leuven
× corresponding author
# (joint) last author

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