Cross‐subsidization Due to Inframarginal Support in Agriculture: A General Theory and Empirical Evidence
提出了一个关于边际内支持导致交叉补贴的一般理论，识别了退出威慑和超边际产出两种扭曲来源，并利用美国乳业补贴数据证实了边际内支持造成的扭曲显著，对贸易谈判和政策制定有启示。
Abstract A general theory of cross‐subsidization due to inframarginal support is developed. Two sources of output distortion are identified: exit deterrence and extramarginal output . Some firms would not be in business without the subsidy. Cost savings due to declining average costs are always greater than the losses incurred where price equals marginal cost. Moreover, it is theoretically possible for inframarginal subsidies to expand output more than equivalent fully coupled subsidies. Empirical analysis of U.S. dairy subsidies isolates these components of cross‐subsidization and finds distortions from inframarginal support to be substantial, with implications for trade negotiations, dispute settlement, and policy formulation.