Influence of the Common Agricultural Policy and Heterogeneous Land Quality on Land Rent and Land Allocation. Factor Markets Working Paper No. 38, March 2013

Against the background of the current discussion about the EU’s common agricultural policy (CAP) after 2013, the question of the impact of government support on land prices is crucially important. Validation of the CAP’s success also hinges on a proper assessment of a choice of policy instruments. This study therefore has the objective of investigating on a theoretical basis the effects of different government support measures on land rental prices and land allocation. The different measures under consideration are the price support, area payments and decoupled single farm payments (SFPs) of the CAP. Our approach evaluates the potential impact of each measure based on a Ricardian land rent model with heterogeneous land quality and multiple land uses. We start with a simple model of one output and two inputs, where a Cobb-Douglas production technology is assumed between the two factors of land and non-land inputs. In a second step, an outside option is introduced. This outside option, as opposed to land use of the Ricardian type, is independent of land quality. The results show that area payments and SFPs become fully capitalised into land rents, whereas in a price support scheme the capitalisation depends on per-acreage productivity. Moreover, in a price support scheme and a historical model, the capitalisation is positively influenced by land quality. Both area payments and price supports influence land allocation across different uses compared with no subsidies, where the shift tends to be larger in an area payment scheme than in a price support scheme. By contrast, SFPs do not influence land allocation.

Bounds on scheduling algorithms for heterogeneous computing systems /

Includes bibliographical references.

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Prepared under Contract AT(04-3)-165 for the U.S. Atomic Energy Commission, San Francisco Operations Office.

Kinetic studies of heterogeneous water reactors : Annual summary report - 1960.

Prepared under Contract AT(04-3)-165 for the U.S. Atomic Energy Commission, San Francisco Operations Office.

Arcadian days; American landscapes in nature and art,

Frontispiece and 10 plates are mounted India proofs of etchings.

The landscapes of George Frederick Watts.

Mode of access: Internet.

Landscapes with the Chinese Literati Su Shi and Tao Qian, right screen

Nagasawa Rosetsu; 5 ft. 7 41/64 in.x 12 ft. 2 47/64 in.; one of a pair of six-fold screens, ink on gold leaf paper

Landscapes with the Chinese Literati Su Shi and Tao Qian, left screen

Nagasawa Rosetsu; 5 ft. 7 41/64 in.x 12 ft. 2 47/64 in.; one of a pair of six-fold screens, ink on gold leaf paper

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Catalogue of an exhibition of early English portraits and landscapes lent

Lettered on cover: Founder's day exhibition, MCMXVII.

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The land of Burns, a series of landscapes and portraits, illustrative of the life and writings of the Scottish poet.

Added t.-p., engraved with vignettes.