McIntosh, Christopher R.; Shogren, Jason F.; Dohlman, Erik - In: American Journal of Agricultural Economics 89 (2007) 4, pp. 1046-1057
We design an experiment to simulate how people make agricultural production decisions under three policy scenarios, each incorporating direct payments (DPs): ("a") price uncertainty without countercyclical payments (CCPs); ("b") price uncertainty with CCPs; and ("c") price uncertainty, CCPs, and...