| 초록 |
Recently, Lee and Yang(2008) analyzed the effects of changes in policy design on the farm income by using a Monte Carlo simulation which is usually used when they cannot be derived as reduced functional forms. In this paper the expected net income of a representative rice farm is derived as a reduced functional form. Simulation results are almost same as those of Lee and Yang calculated from a Monte Carlo simulation. And it is also used to analyze the effects of changes in policy variables such as target price and fixed payment on the expected income of a rice farm.
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