Butter mountains and wine lakes

Reinhorn, L.J.

Abstract

One consequence of the EU's common agricultural policy was surplus: “butter mountains” and “wine lakes.” This paper shows that it may be optimal for the government to stockpile agricultural products as part of an overall plan for income redistribution.

Citation

Reinhorn, L. (2007). Butter mountains and wine lakes. Economics Letters, 94(2), 197-201. https://doi.org/10.1016/j.econlet.2006.06.029

• Journal Article Type: Article
• Publication Date: Feb 1, 2007
• Deposit Date: Aug 26, 2008
• Publicly Available Date: Aug 26, 2008
• Journal: Economics Letters
• Print ISSN: 0165-1765
• Electronic ISSN: 1873-7374
• Publisher: Elsevier
• Peer Reviewed: Peer Reviewed
• Volume: 94
• Issue: 2
• Pages: 197-201
• DOI: https://doi.org/10.1016/j.econlet.2006.06.029
• Keywords: Price supports, Excess supply, Stockpiles, Optimal taxation.
• Public URL: https://durham-repository.worktribe.com/output/1547656