Research Benefits Revisited
AbstractThis paper explains why various formulae used in the literature to calculate level and distribution of annual research benefits yield different results. After reviewing the differences in assumptions used by different authors to develop their respective formulae, the paper concludes by presenting alternative formulae which are more generally applicable than those previously available.
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Bibliographic InfoArticle provided by Australian Agricultural and Resource Economics Society in its journal Review of Marketing and Agricultural Economics.
Volume (Year): 45 (1977)
Issue (Month): 04 (December)
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Research and Development/Tech Change/Emerging Technologies;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Zvi Griliches, 1958. "Research Costs and Social Returns: Hybrid Corn and Related Innovations," Journal of Political Economy, University of Chicago Press, vol. 66, pages 419.
- Duncan, R & Tisdell, Clem, 1971. "Research and Technical Progress: The Returns to Producers," The Economic Record, The Economic Society of Australia, vol. 47(117), pages 124-29, March.
- Nagy, Joseph G., 1983. "Estimating the Yield Advantage of High Yielding Wheat Varieties: The Use of On-Farm Yield Constraints Data," Bulletins 8428, University of Minnesota, Economic Development Center.
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