Time：2022年12月15日（Thursday）18: 30-20: 30

Venue：Tencent Meeting：838-870-740

Speaker：Wu Yifan, Associate Professor,  East China University of Science and Technology   

Host：Associate Professor Chen Jing

Topic：Output-Oriented Agricultural Subsidy Design

Abstract:

Many governments subsidize the agricultural industry, trying to raise the market outputs either for domestic need or for export. In many countries, particularly developing countries, the producers' market may be fragmented, involving a large number of farmers with variable productivity levels. The format of subsidies can have significantly different implications for farmers in different market segments. In this study, we examine four types of subsidies. In addition to examining the efficiency of budget spending and social welfare, two common performance measures studied in various contexts, we thoroughly analyze the implications of subsidies on the output and wealth distributions among the farmers. In general, subsidizing on harvesting or overly compensating on plantation can increase the disparity among the farmers, while an appropriate level of planting subsidy helps to balance the distributions of the farmers' output and profit.

Guest Speaker

Wu Yifan, graduated from Shanghai Jiaotong University with a doctor's degree in engineering, is currently the director of the Department of Management Science and Engineering of the Business School of East China University of Technology, mainly engaged in research on operation and supply chain management. He has published more than 30 academic papers in high-level journals at home and abroad, such as Production Planning&Control, Computers and Operations Research, Computers and Industrial Engineering, Journal of Management Engineering, Management Review, etc. Presided over the National Self study Youth Program and General Programs, and won a number of Shanghai Talent Plans and the first prize of Shanghai Teaching Achievements.