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Resource Allocation In Joint Public-Private Agricultural Research

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  • Day-Rubenstein, Kelly A.
  • Fuglie, Keith O.

Abstract

Federal technology transfer legislation has encouraged increased collaboration between the public and private sectors, including joint research ventures known as Cooperative Research and Development Agreements (CRADAs). While several economically important technologies have been developed through CRADAs, there is concern that CRADA may divert public research from its central research missions. This study compares the pattern of research resource allocation for CRADA projects at the U.S. Department of Agriculture with research priorities of public and private intramural agricultural research. The findings suggest that CRADAs have attracted considerable private co-financing of joint research projects, and may have enabled public research to concentrate more resources on research areas where private incentives are relatively weak.

Suggested Citation

  • Day-Rubenstein, Kelly A. & Fuglie, Keith O., 1999. "Resource Allocation In Joint Public-Private Agricultural Research," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 17(2), pages 1-12.
    • Handle: RePEc:ags:jloagb:14725
    DOI: 10.22004/ag.econ.14725
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    References listed on IDEAS

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    1. Fuglie, Keith & Ballenger, Nicole & Rubenstein, Kelly Day & Klotz, Cassandra & Ollinger, Michael & Reilly, John & Vasavada, Utpal & Yee, Jet, "undated". "Agricultural Research and Development: Public and Private Investments Under Alternative Markets and Institutions," Agricultural Economic Reports 262031, United States Department of Agriculture, Economic Research Service.
    2. KELLY A. Day & GEORGE B. Frisvold, 1993. "Medical Research And Genetic Resources Management: The Case Of Taxol," Contemporary Economic Policy, Western Economic Association International, vol. 11(3), pages 1-11, July.
    3. Johnson, Nancy L. & Ruttan, Vernon W., 1997. "The Diffusion of Livestock Breeding Technology in the U.S.: Observations on the Relationship Between Technical Change and Industry Structure," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 15(01), pages 1-17.
    4. Richard R. Nelson, 1959. "The Simple Economics of Basic Scientific Research," Journal of Political Economy, University of Chicago Press, vol. 67(3), pages 297-297.
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