Title

Measuring research benefits in an imperfect market

Document Type

Journal article

Source Publication

Agricultural Economics

Publication Date

1-1-1994

Volume

10

Issue

1

First Page

89

Last Page

93

Publisher

Elsevier

Abstract

In this paper, an imperfect market model is developed for evaluating agricultural research benefits. The main finding is that the increases in societal gain, and the producer's share of this gain, are larger with a monopoly than with a competitive market. The paper argues that if the market for an agricultural input or for a commodity is not competitive, then use of a competitive model for assessing research benefits could lead to understatements of both producer and total benefits.

DOI

10.1016/0169-5150(94)90043-4

Print ISSN

01695150

E-ISSN

15740862

Publisher Statement

Copyright © 1994 Elsevier Science B.V. All rights reserved. Access to external full text or publisher's version may require subscription.

Full-text Version

Publisher’s Version

Recommended Citation

Voon, T. J. (1994). Measuring research benefits in an imperfect market. Agricultural Economics, 10(1), 89-93. doi: 10.1016/0169-5150(94)90043-4

Share

COinS