Michalek, Jerzy; Ciaian, Pavel; Kancs, d'Artis - European Association of Agricultural Economists - EAAE - 2014
This is the first paper which empirically estimates the capitalization of the Single Payment Scheme (SPS) into land values. Although, the Single Payment Scheme (SPS) is the largest expenditure category in the EU budget, the distributional impacts between land users and land owners have not been...