Effects of Government Programs on Rice Acreage Decisions under Rational Expectations: The Case of Taiwan
在理性预期假设下分析台湾政府计划对水稻生产的影响，发现因政策矛盾，旨在引导转作其他作物的计划未能成功，且价格支持计划对种植面积的边际效应在目标价格停止上涨后减弱。
Abstract The effects of government programs on rice production in Taiwan are examined under the rational expectations hypothesis. Results suggest that a crop‐shifting program designed to divert rice production to other targeted crops was unsuccessful because of contradictory government programs. Under rational expectations, the marginal effects of a price‐support program on acreage decline as soon as targeted price is no longer increasing.