Assessing Public Priorities for Experiment Station Research: Contingent Value and Public Preferences for Agricultural Research

Stephen Swallow () and Marisa J. Mazzotta

American Journal of Agricultural Economics, 2004, vol. 86, issue 4, 975-989

Abstract: Laws concerning government accountability mandate that agencies weigh constituent interests in setting priorities. This study extends literature on the value of research by considering the public's stated preferences for scientist-effort allocated across an Agricultural Experiment Station's research portfolio. Over 75% of respondents expressed a willingness-to-pay exceeding $20 per household for allocations of at least 139 scientist-months. The mean household is willing to pay about $25 for a 25% increase in effort. Marginal analysis identifies topic areas where an additional scientist-month provides above- or below-average benefits. The distribution of effort across research topics significantly affects respondents' values. Copyright 2004, Oxford University Press.

Date: 2004
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