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Setting Research Priorities in the Public Sector: A Suggested Framework for the AARC Center

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  • Beach, E. Douglas
  • Fernandez-Cornejo, Jorge
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    Abstract

    An argument can be made for public support of pre-commercial research and development (R&D) when private industry, acting in response to market incentives, underinvests in socially desireable projects. Research projects meeting this criterion must still compete for scarce public funds. The Alternative Agriculture Research and Commercialization (AARC) Center was mandated by Congress to support pre-commercial R&D in new uses of agricultural commodities. This article develops a three-phase scoring model to evaluate and prioritize AARC Center proposals.

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    Bibliographic Info

    Article provided by United States Department of Agriculture, Economic Research Service in its journal Journal of Agricultural Economics Research.

    Volume (Year): (1994)
    Issue (Month): 2 ()
    Pages:

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    Handle: RePEc:ags:uersja:137427

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    Related research

    Keywords: pre-commercial R&D; market failure; AARC Center; Marketing;

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    Cited by:
    1. Bullock, David S. & Salhofer, Klaus, 2003. "Judging agricultural policies: a survey," Agricultural Economics, Blackwell, vol. 28(3), pages 225-243, May.

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