 Estimating Crop Supply Response in the Presence of Farm Programmes: Application to the CAPHerve Guyomard, Marc Baudry and Alain Carpentier European Review of Agricultural Economics, 1996, vol. 23, issue 4, 401-20 Abstract: This paper proposes an analytical framework allowing estimation of the effects of the new instrumentation of the CAP in the arable crop sector--price cuts, compensatory payments and land set-aside schemes--on crop acreage allocations, supplies and yields. Duality theory is used to model crop supply response in the presence of voluntary acreage control programmes and direct aids per hectare to producers. The definition of a profit function where total land is fixed but allocatable to the various crops allows us to obtain, via the envelope theorem, output and variable input equations, which can be used with the first-order conditions for an optimal land allocation as a basis for comparative statics analysis of the three main instruments of the CAP. Copyright 1996 by Oxford University Press. Date: 1996 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:erevae:v:23:y:1996:i:4:p:401-20 Ordering information: This journal article can be ordered from Access Statistics for this article European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo More articles in European Review of Agricultural Economics from Oxford University Press and the European Agricultural and Applied Economics Publications Foundation Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC. |
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