On the Design of Agricultural Policy Mechanisms
利用不对称信息下的机制设计原理，分析不同农产品政策工具的选择动机，发现供给控制机制有利于高成本生产者和预算，而过度生产机制则有利于低成本生产者。
Abstract The fact that different agricultural policy mechanisms have emerged for different commodities suggests that the choice of policy instrument may reflect the goals of agricultural policy makers. This paper uses the principles of mechanism design under asymmetric information to examine the motivations underlying the choice of agricultural policy mechanisms. It is found that supply control mechanisms favor high‐cost producers and the budget, while mechanisms resulting in overproduction favor low‐cost producers.