농업경제연구

Korean Agricultural Economics Association

제목 The Effects of Government Purchase Policies on Production Under Price Uncertainty
저자 Yun-shik Kim
발행정보 46권 3호 (2005년 9월) 페이지 1~26
초록 Government purchase policy that buys a fixed amount of a product is known to have no effect on production. However, government purchase policy is not decoupled with production when market price is random. Under the price uncertainty, government purchase policy contributes to the increase in production by reducing the market risk that farmers face. In addition, government purchase policy is more effective in the countries where marginal cos of production is low than the countries where marginal cost is already high.
논문파일 농업경제연구-2005(46권제3호)-01.pdf