Least‐Cost Subsidization Alternatives
在最优税收框架下探讨农业的最低成本补贴方案，假设农业政策目标是特定农民群体的经济生存，推导出线性补贴的最低成本公式，并指出仅靠产出补贴通常不是最低成本。
Abstract This paper considers least‐cost subsidy alternatives for agriculture in an optimal tax framework. The goal of farm policy is presumed to be the economic survival of a particular class of farmers. Least‐cost formulas for linear subsidies are derived. It is shown that output subsidization alone will generally not be least cost.