文章基本信息

标题：AN ECONOMIC ANALYSIS OF THE EFFECTIVENESS OF THOROUGHBRED BREEDER/OWNER INCENTIVE POLICIES
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作者：Neibergs, J. Shannon ; Thalheimer, Richard
期刊名称：Journal of Agribusiness
印刷版ISSN：0738-8950
出版年度：1999
页码：581-592
出版社：Journal of Agribusiness
摘要：Thoroughbred incentive programs are subsidy policies funded from state parimutuel tax revenue designed to promote regional race horse breeding and ownership. At issue is an ongoing debate concerning the effectiveness of alternative policies. Empirical results indicate that incentive programs have a positive economic effect, but gains to Thoroughbred breeders can be obtained by reallocating tax revenue to non-restricted purses. A policy allocating tax revenue ton non-restricted purses shifts yearling demand and increases prices, while breeder subsidies shift only the supply function and therefore lower prices. Consequently, breeder revenues increase in response to a policy that favors non-restricted purses over subsidies.
关键词：incentive programs;parimutual horse racing;subsidy;tax;Thoroughbred