IDEAS home Printed from https://ideas.repec.org/a/ags/joaaec/15157.html
   My bibliography  Save this article

An Economic Analysis Of The Effectiveness Of Thoroughbred Breeder/Owner Incentive Policies

Author

Listed:
  • Neibergs, J. Shannon
  • Thalheimer, Richard

Abstract

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.

Suggested Citation

  • Neibergs, J. Shannon & Thalheimer, Richard, 1999. "An Economic Analysis Of The Effectiveness Of Thoroughbred Breeder/Owner Incentive Policies," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 31(3), pages 1-12, December.
    • Handle: RePEc:ags:joaaec:15157
    DOI: 10.22004/ag.econ.15157
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/15157/files/31030581.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.15157?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Chin-Hwa Sun & Harry M. Kaiser & Olan D. Forker, 1995. "Analysis of Seasonal Milk Price Incentive Plans," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 17(3), pages 383-393.
    2. C. Richard Shumway & Edward G. Smith & James W. Richardson, 1995. "Impact of Target Prices and Payment Limits on the Supply Function," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 17(2), pages 185-191.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Philip Rodgers, 2011. "Overproduction of Yearling Thoroughbred Horses," Economic Issues Journal Articles, Economic Issues, vol. 16(1), pages 53-64, March.
    2. Conor Parsons & Ian Smith, 2008. "The Price of Thoroughbred Yearlings in Britain," Journal of Sports Economics, , vol. 9(1), pages 43-66, February.
    3. Paul D. Gottlieb & Jennifer R. Weinert & Elizabeth Dobis & Karyn Malinowski, 2020. "The Evolution of Racehorse Clusters in the United States: Geographic Analysis and Implications for Sustainable Agricultural Development," Sustainability, MDPI, vol. 12(2), pages 1-31, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nicholson, Charles F. & Resosudarmo, Budy P. & Wackernagel, Rick, 2001. "Impacts Of The Northeast Interstate Dairy Compact On New England Milk Supply," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 30(1), pages 1-11, April.
    2. Paul Smyth & Laurence Harte & Thia Hennessy, 2010. "Seasonality and Costs of Production on Irish dairy farms from 1994-2008," Working Papers 1001, Rural Economy and Development Programme,Teagasc.
    3. Peterson, Hikaru Hanawa & Tomek, William G., 2000. "Implications Of Deflating Commodity Prices For Time-Series Analysis," 2000 Conference, April 17-18 2000, Chicago, Illinois 18944, NCR-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    4. Byung Min Soon & Jarrett Whistance, 2019. "Seasonal Soybean Price Transmission between the U.S. and Brazil Using the Seasonal Regime-Dependent Vector Error Correction Model," Sustainability, MDPI, vol. 11(19), pages 1-9, September.
    5. Smyth, Paul & Harte, Laurence & Hennessy, Thia C., 2009. "Seasonality and Costs of Production on Irish dairy farms from 2000-2007," 83rd Annual Conference, March 30 - April 1, 2009, Dublin, Ireland 51076, Agricultural Economics Society.
    6. Neibergs, J. Shannon & Thalheimer, Richard, 1998. "An Analysis Of The Economic Efficiency Of Thoroughbred Breeder/Owner Incentive Policies," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20915, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

    More about this item

    Keywords

    Agricultural and Food Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:joaaec:15157. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/saeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.