Agricultural Export Subsidies and Intermediate Goods Trade
研究当大宗农产品作为中间品时，出口补贴如何影响两种农产品的价格，结果取决于供需弹性和市场结构。
Abstract In this paper I examine the effects of export subsidies when a bulk commodity is an intermediate good which is either exported or processed into a higher‐value agricultural good for domestic or export sale. The analysis shows that while the industry producing the subsidized good benefits, the industry producing the other good may not. A bulk commodity export subsidy may lower the price of the higher value agricultural commodity. An export subsidy on the higher‐value agricultural commodity may lower the bulk commodity's price. The outcome depends on the relative excess supply and excess demand elasticities and on the market structure.