Spatial and Temporal Marketing Considerations under Marketing Loan Programs
分析营销援助贷款和贷款差额补贴计划对运输成本的不同处理方式，研究不同地理位置的生产者如何做出营销决策，发现贷款差额补贴不干扰营销决策，而营销援助贷款会扭曲最优营销模式。
Marketing assistance loan (MAL) and loan deficiency payment (LDP) programs differ in their treatment of transportation costs. Marketing decisions are analyzed under these programs when producers are differentiated by location with respect to the terminal market. Under certain conditions, a complete characterization of equilibrium is developed. The proposed model broadly fits several “stylized” facts about producer enrollment in these programs. If LDPs are uniform at all locations, LDP programs do not interfere with marketing decisions. MAL programs distort the optimal marketing pattern by providing incentives to store for producers who should be among the first ones to supply the market.