Potential effects of the income stabilisation tool (IST) in Swiss agriculture
研究了农场和农民特征对收入稳定工具（IST）潜在赔偿的影响，发现兼职和低收入农民更可能获得更高赔偿，IST可能阻碍结构变化，且与直接支付部分替代。
We extend the existing literature on the income stabilisation tool (IST) by investigating the influence of farm and farmers' characteristics on potential indemnification applying double-hurdle models on a rich panel data set on Swiss farms. We find more likely and higher indemnifications for part-time and low-income farmers. Thus, the IST might become a new transfer instrument hampering the structural change. Even though the estimated costs of the IST are low compared with the current direct payment level in Switzerland, both policy measures are partly substitutes with respect to income risk reductions implying more frequent and higher indemnification through the IST if direct payments are reduced.