The dairy farming support system: Do the direct payments cause economic inefficiency?
Economic distortions created by the dairy farming support system in Iceland are examined in this paper. Specifically, the impact of the direct payments component of this system is analyzed. The analysis lead to the conclusion that the form of direct payments that has been used is in many ways well-s...
Published in: | Tímarit um viðskipti og efnahagsmál |
---|---|
Main Authors: | , , |
Other Authors: | , , , , , , , |
Format: | Article in Journal/Newspaper |
Language: | English |
Published: |
Viðskiptafræðideild og hagfræðideild Háskóla Íslands, viðskiptafræðideild Háskólans í Reykjavík og Seðlabanki Íslands
2017
|
Subjects: | |
Online Access: | https://hdl.handle.net/20.500.11815/648 https://doi.org/10.24122/tve.a.2017.14.2.1 |
id |
ftopinvisindi:oai:opinvisindi.is:20.500.11815/648 |
---|---|
record_format |
openpolar |
spelling |
ftopinvisindi:oai:opinvisindi.is:20.500.11815/648 2023-05-15T16:48:35+02:00 The dairy farming support system: Do the direct payments cause economic inefficiency? Ragnarsdóttir, Anna Guðrún Runólfsson, Birgir Þór Árnason, Ragnar Hagfræðistofnun (HÍ) Institute of Economic Studies (UI) Hagfræðideild (HÍ) Faculty of Economics (UI) Félagsvísindasvið (HÍ) School of Social Sciences (UI) Háskóli Íslands University of Iceland 2017-12-19 1-26 https://hdl.handle.net/20.500.11815/648 https://doi.org/10.24122/tve.a.2017.14.2.1 en eng Viðskiptafræðideild og hagfræðideild Háskóla Íslands, viðskiptafræðideild Háskólans í Reykjavík og Seðlabanki Íslands Tímarit um viðskipti og efnahagsmál;14(2) Anna Guðrún Ragnarsdóttir, Birgir Þór Runólfsson, Ragnar Árnason. (2017). The dairy farming support system: Do the direct payments cause economic inefficiency?. Tímarit um viðskipti og efnahagsmál, 14(2), 1-26. doi:10.24122/tve.a.2017.14.2.1 1670-4444 1670-4851 (eISSN) https://hdl.handle.net/20.500.11815/648 Research in applied business and economics Tímarit um viðskipti og efnahagsmál doi:10.24122/tve.a.2017.14.2.1 info:eu-repo/semantics/openAccess Dairy quotas Subsidies in agriculture Mjólkurbú Landbúnaður Styrkir Hagfræði info:eu-repo/semantics/article 2017 ftopinvisindi https://doi.org/20.500.11815/648 https://doi.org/10.24122/tve.a.2017.14.2.1 2022-11-18T06:51:36Z Economic distortions created by the dairy farming support system in Iceland are examined in this paper. Specifically, the impact of the direct payments component of this system is analyzed. The analysis lead to the conclusion that the form of direct payments that has been used is in many ways well-suited to improve dairy farmers' living standards without creating additional social costs in terms of resource misallocation. It follows that it would be socially wasteful, as well as economically detrimental to dairy farmers, to replace this system with an economically less efficient way of providing them with the same amount of financial support. Peer Reviewed Article in Journal/Newspaper Iceland Opin vísindi (Iceland) Tímarit um viðskipti og efnahagsmál 14 2 1 |
institution |
Open Polar |
collection |
Opin vísindi (Iceland) |
op_collection_id |
ftopinvisindi |
language |
English |
topic |
Dairy quotas Subsidies in agriculture Mjólkurbú Landbúnaður Styrkir Hagfræði |
spellingShingle |
Dairy quotas Subsidies in agriculture Mjólkurbú Landbúnaður Styrkir Hagfræði Ragnarsdóttir, Anna Guðrún Runólfsson, Birgir Þór Árnason, Ragnar The dairy farming support system: Do the direct payments cause economic inefficiency? |
topic_facet |
Dairy quotas Subsidies in agriculture Mjólkurbú Landbúnaður Styrkir Hagfræði |
description |
Economic distortions created by the dairy farming support system in Iceland are examined in this paper. Specifically, the impact of the direct payments component of this system is analyzed. The analysis lead to the conclusion that the form of direct payments that has been used is in many ways well-suited to improve dairy farmers' living standards without creating additional social costs in terms of resource misallocation. It follows that it would be socially wasteful, as well as economically detrimental to dairy farmers, to replace this system with an economically less efficient way of providing them with the same amount of financial support. Peer Reviewed |
author2 |
Hagfræðistofnun (HÍ) Institute of Economic Studies (UI) Hagfræðideild (HÍ) Faculty of Economics (UI) Félagsvísindasvið (HÍ) School of Social Sciences (UI) Háskóli Íslands University of Iceland |
format |
Article in Journal/Newspaper |
author |
Ragnarsdóttir, Anna Guðrún Runólfsson, Birgir Þór Árnason, Ragnar |
author_facet |
Ragnarsdóttir, Anna Guðrún Runólfsson, Birgir Þór Árnason, Ragnar |
author_sort |
Ragnarsdóttir, Anna Guðrún |
title |
The dairy farming support system: Do the direct payments cause economic inefficiency? |
title_short |
The dairy farming support system: Do the direct payments cause economic inefficiency? |
title_full |
The dairy farming support system: Do the direct payments cause economic inefficiency? |
title_fullStr |
The dairy farming support system: Do the direct payments cause economic inefficiency? |
title_full_unstemmed |
The dairy farming support system: Do the direct payments cause economic inefficiency? |
title_sort |
dairy farming support system: do the direct payments cause economic inefficiency? |
publisher |
Viðskiptafræðideild og hagfræðideild Háskóla Íslands, viðskiptafræðideild Háskólans í Reykjavík og Seðlabanki Íslands |
publishDate |
2017 |
url |
https://hdl.handle.net/20.500.11815/648 https://doi.org/10.24122/tve.a.2017.14.2.1 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
Tímarit um viðskipti og efnahagsmál;14(2) Anna Guðrún Ragnarsdóttir, Birgir Þór Runólfsson, Ragnar Árnason. (2017). The dairy farming support system: Do the direct payments cause economic inefficiency?. Tímarit um viðskipti og efnahagsmál, 14(2), 1-26. doi:10.24122/tve.a.2017.14.2.1 1670-4444 1670-4851 (eISSN) https://hdl.handle.net/20.500.11815/648 Research in applied business and economics Tímarit um viðskipti og efnahagsmál doi:10.24122/tve.a.2017.14.2.1 |
op_rights |
info:eu-repo/semantics/openAccess |
op_doi |
https://doi.org/20.500.11815/648 https://doi.org/10.24122/tve.a.2017.14.2.1 |
container_title |
Tímarit um viðskipti og efnahagsmál |
container_volume |
14 |
container_issue |
2 |
container_start_page |
1 |
_version_ |
1766038670699134976 |