시나리오별 쌀소득보전직불제 효과분석The Effects of Rice Income Direct Payment Program by Scenario
- Other Titles
- The Effects of Rice Income Direct Payment Program by Scenario
- Authors
- 이춘수; 양승룡
- Issue Date
- 2008
- Publisher
- 한국농업경제학회
- Keywords
- rice; direct payment; option; monte carlo simulation; 쌀; 소득보전직불제; 옵션; 몬테카를로 시뮬레이션
- Citation
- 농업경제연구, v.49, no.3, pp.29 - 52
- Indexed
- KCI
- Journal Title
- 농업경제연구
- Volume
- 49
- Number
- 3
- Start Page
- 29
- End Page
- 52
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/125377
- ISSN
- 0549-6047
- Abstract
- This study analyzes the effects of changes in policy design and institutional settings of rice income direct payment program. A decrease in market price, increase in the trigger price, increase in the fixed payment, and the program in combination with the land idling program was adopted as scenarios. The direct payment program is modelled as an exotic option and a Monte Carlo simulation is used to evaluate its value by scenario. The analysis provides many interesting results for redesigning the program.
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Collections - College of Life Sciences and Biotechnology > Department of Food and Resource Economics > 1. Journal Articles
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