Modeling Supply Response with Implicit Revenue Functions: A Policy‐Switching Procedure for Rice
提出一种带有政策转换机制的隐含收益计量方法，用于分析供给反应。该方法将农场计划工具与商品市场均衡联系起来，并应用于美国水稻部门，评估不同政策时期下的合规决策。
Abstract An econometric method of estimating implicit revenue with a policy switching mechanism is proposed for supply response analysis. The model develops important linkages between farm program instruments and commodity market equilibrium and allows evaluation of supply response decisions under conditions of major policy shifts. The econometric procedure developed here is applied to the U.S. rice sector to determine program compliance/noncompliance decisions under three alternative rice program periods. A change in farm prices was found to affect significantly producers' net returns and participation rate. Results indicate price impacts on acreage planted are inelastic for program participants but elastic for nonparticipants.