Bastian, Christopher T.; Nagler, Amy M.; Menkhaus, Dale J. - Agricultural and Applied Economics Association - AAEA - 2011
We use laboratory market experiments to assess the impact of asymmetric knowledge of a per-unit subsidy and the effect of a decoupled annual income subsidy on factor market outcomes. Results indicate that when the subsidy is tied to the factor as a per-unit subsidy, regardless of full or...