A general theory of cross-subsidization due to infra-marginal support is developed. Two sources of output distortion are identified: exit deterrence and extra-marginal output. Some firms would not be in business without the subsidy. Cost savings due to declining average costs are always greater...

Purpose – The purpose of this paper is to fill a knowledge gap by examining the changes in fruit and vegetable consumption of Chinese households. Design/methodology/approach – Using 1993 and 2001 household survey data from three selected provinces in China, the authors estimated a quantile...

Purpose – The purpose of this paper is to empirically investigate the effects of farm income variability, farm size, and other socio-demographic characteristics on the precautionary saving behavior of farm households and to estimate the influences of the identified factors on the amount of...