THE STRATEGIC ROLE OF PUBLIC R&D IN AGRICULTURE

Alejandro Onofri and Konstantinos Giannakas ()

No 20699, 2001 Annual meeting, August 5-8, Chicago, IL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The role of public agricultural R&D is analyzed in a mixed oligopoly model framework with strategic interaction among innovating firms and the government. Selective subsidization of innovating firms (i.e., targeted subsidies) is also examined. Analytical results show that the existence of public applied research can enhance the arrival rate of innovations while mitigating the socially undesirable consequences of market power in applied R&D production. Under certain conditions, direct government involvement in applied R&D is equivalent to the provision of targeted subsidies to less efficient firms.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 34
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea01:20699

DOI: 10.22004/ag.econ.20699

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