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Research Benefits Revisited

Author

Listed:
  • Jarrett, Frank G.
  • Lindner, Robert K.

Abstract

This paper explains why various formulae used in the literature to calculate level and distribution of annual research benefits yield different results. After reviewing the differences in assumptions used by different authors to develop their respective formulae, the paper concludes by presenting alternative formulae which are more generally applicable than those previously available.

Suggested Citation

  • Jarrett, Frank G. & Lindner, Robert K., 1977. "Research Benefits Revisited," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 45(04), pages 1-12, December.
    • Handle: RePEc:ags:remaae:9221
    DOI: 10.22004/ag.econ.9221
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    File URL: https://ageconsearch.umn.edu/record/9221/files/45040167.pdf
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    References listed on IDEAS

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    1. R. Duncan & C. Tisdell, 1971. "Research and Technical Progress: The Returns to Producers," The Economic Record, The Economic Society of Australia, vol. 47(1), pages 124-129, March.
    2. Duncan, R & Tisdell, Clem, 1971. "Research and Technical Progress: The Returns to Producers," The Economic Record, The Economic Society of Australia, vol. 47(117), pages 124-129, March.
    3. Masakatsu Akino & Yujiro Hayami, 1975. "Efficiency and Equity in Public Research: Rice Breeding in Japan's Economic Development: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 734-735.
    4. Willis L. Peterson, 1967. "Return to Poultry Research in the United States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 49(3), pages 656-669.
    5. Currie, John Martin & Murphy, John A & Schmitz, Andrew, 1971. "The Concept of Economic Surplus and its Use in Economic Analysis," Economic Journal, Royal Economic Society, vol. 81(324), pages 741-799, December.
    6. Zvi Griliches, 1958. "Research Costs and Social Returns: Hybrid Corn and Related Innovations," Journal of Political Economy, University of Chicago Press, vol. 66(5), pages 419-419.
    7. Masakatsu Akino & Yujiro Hayami, 1975. "Efficiency and Equity in Public Research: Rice Breeding in Japan's Economic Development," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(1), pages 1-10.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. E. Pasour & Marc Johnson, 1982. "Bureaucratic productivity: The case of agricultural research revisited," Public Choice, Springer, vol. 39(2), pages 301-317, January.
    2. Nagy, Joseph G., 1983. "Estimating the Yield Advantage of High Yielding Wheat Varieties: The Use of On-Farm Yield Constraints Data," Bulletins 8428, University of Minnesota, Economic Development Center.
    3. Martin, Will & Alston, Julian M., 1994. "Evaluating the Returns from Technical Progress: Comparing Dual Methods with Surplus Approaches," 1994 Conference (38th), February 8-10, 1994, Wellington, New Zealand 148012, Australian Agricultural and Resource Economics Society.

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