Toward A Framework for Evaluating Agricultural Economics Research

Bob Lindner

No 315419, Discussion Papers from University of Western Australia, School of Agricultural and Resource Economics

Abstract: Agricultural economists need to evaluate their own research priorities. The main difficulty in doing so is to value the types of information generated by economic research. Bayesian decision theory provides a framework for valuing information, and the results of selected studies using this methodology are collated. Most of the other determinants of research priorities can be encapsulated in a target return ratio measure. How such a framework might be used is illustrated by three "hypotheticals".

Keywords: Teaching/Communication/Extension/Profession (search for similar items in EconPapers)
Pages: 20
Date: 1987
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uwapdp:315419

DOI: 10.22004/ag.econ.315419

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