The operation of the drought-bond scheme is described. A special tax concession for primary producers substantially increases the yield after tax on these bonds. The expected yield is calculated for representative marginal tax rates and probabilities of drought. Some deficiencies of the present scheme are discussed and proposals are made which overcome efficiency and equity criticisms.
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页码
p.10
其它主题
Risk and uncertainty
语言
英语
类型
Journal Article; Journal Part
来源
Australian Journal of Agricultural Economics>Volume 14, Number 02, December 1970
2012-05-15
AGRIS AP