Land Market Imperfections and Agricultural Policy Impacts in the New EU Member States: A Partial Equilibrium Analysis

Pavel Ciaian and Johan Swinnen

American Journal of Agricultural Economics, 2006, vol. 88, issue 4, 799-815

Abstract: This article analyses how transaction costs and imperfect competition in the land market affect the welfare effects of agricultural subsidies in the new Eastern Member States of the European Union. Benefits of land subsidies end up with landowners in new Eastern Member States also with imperfections in the new Eastern Member States land markets. With unequal access to subsidies, small tenant farmers may even lose out from the subsidies. Decoupling of payments shifts policy rents to farmers, but constrains productivity-enhancing restructuring. Using reserve entitlements to mitigate this effect reduces the intended benefits on distortions and target efficiency. Copyright 2006, Oxford University Press.

Date: 2006
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Related works:
Journal Article: AJAE Appendix: Land Market Imperfections and Agricultural Policy Impacts in the New EU Member States: A Partial Equilibrium Analysis (2006)
Working Paper: LAND MARKET IMPERFECTIONS AND AGRICULTURAL POLICY IMPACTS IN THE NEW EU MEMBER STATES: A PARTIAL EQUILIBRIUM ANALYSIS (2005)
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