Hennessy, David A.; Babcock, Bruce Alan; Miranowski, John - Center for Agricultural and Rural Development (CARD), … - 2003
, and the rate of change in productivity. Using a martingale concept of "more information," we identify conditions under … which more information increases the incentives to invest and engage in product differentiation. A theory on how genetic … uniformity can enhance the rate of learning through process experimentation, and so the rate of technical change, is also …