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WHAT VALUE IS AGRICULTURAL ECONOMICS RESEARCH?

David E. Schimmelpfennig and George Norton

No 21773, 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Methods are presented for evaluating the economic benefits of agricultural economics research (AER). Decision theory and economic surplus analysis are used to evaluate returns to five representative types of AER. Benefits stem from effects of AER on economic efficiency through reduced uncertainty about optimal resource allocation or improved institutional design.

Keywords: Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 24
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea00:21773

DOI: 10.22004/ag.econ.21773

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