Efficiency of Alternative Policies for the EC's Common Agricultural Policy

Harry de Gorter () and Karl Meilke

American Journal of Agricultural Economics, 1989, vol. 71, issue 3, 592-603

Abstract: The Common Agricultural Policy (CAP) of the European Community (EC) is facing a crisis from budgetary and political pressures. This study analyzes the relative efficiency of four policy options discussed at the recent emergency summit in Brussels including a price reduction, coresponsibility levies, production controls, and a two-price plan. These are assessed in terms of their efficiency in achieving producer welfare. A two-price plan is superior to a production quota only at lower producer income goals. A price reduction policy is more efficacious than a coresponsibility levy, but both are shown to be inferior to either quotas or a two-price plan.

Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:71:y:1989:i:3:p:592-603.

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