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Commodity levies are used increasingly to fund producer collective goods such as research and promotion. In the present paper we examine theoretical relationships between producer and national benefits from levy-funded research, and consider the implications for the appropriate rates of matching...
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CONTEXT -- A Brief History of U.S. Agriculture -- INPUTS, OUTPUTS AND PRODUCTIVITY -- Agricultural Inputs -- Agricultural Outputs -- Agricultural Productivity Patterns -- AGRICULTURAL R&D FUNDING AND POLICIES -- Research Funding and Performance -- The Federal Role -- MODELS OF R&D AND...
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Agricultural research has transformed agriculture and in doing so contributed to the transformation of economies. Economic issues arise because agricultural research is subject to various market failures, because the resulting innovations and technological changes have important economic...
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