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Research Prizes: A Mechanism To Reward Innovation In African Agriculture

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  • Masters, William J.

Abstract

This paper identifies market failures that limit agricultural R&D for Africa and other resource-poor environments, and proposes a mechanism to help circumvent them with cash prizes for the dissemination of successful innovations. The proposed prize institution would use ex-post experiments and farm surveys to document the value of innovations after their initial diffusion, to avoid pre-specification of technologies. Prizes would be offered in proportion to estimated social benefits, and would buy innovations into the public domain so that innovators with marketable technologies would choose not to apply for prizes. A governance structure to ensure credibility and financial sustainability is proposed.

Suggested Citation

  • Masters, William J., 2003. "Research Prizes: A Mechanism To Reward Innovation In African Agriculture," 2003 Annual meeting, July 27-30, Montreal, Canada 22162, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:22162
    DOI: 10.22004/ag.econ.22162
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    Citations

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    Cited by:

    1. Spielman, David J., 2007. "Pro-poor agricultural biotechnology: Can the international research system deliver the goods?," Food Policy, Elsevier, vol. 32(2), pages 189-204, April.
    2. Faye, Issa & Deininger, Klaus W., 2005. "Do new delivery systems improve extension access? Evidence from rural Uganda," 2005 Annual meeting, July 24-27, Providence, RI 19405, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Janus, Heiner & Holzapfel, Sarah, 2016. "Results-based approaches in agriculture: what is the potential?," IDOS Discussion Papers 25/2016, German Institute of Development and Sustainability (IDOS).
    4. Anwar Naseem & David J. Spielman & Steven Were Omamo, 2010. "Private-sector investment in R&D: a review of policy options to promote its growth in developing-country agriculture," Agribusiness, John Wiley & Sons, Ltd., vol. 26(1), pages 143-173.
    5. Newell, Richard & Wilson, Nathan, 2005. "Technology Prizes for Climate Change Mitigation," RFF Working Paper Series dp-05-33, Resources for the Future.
    6. Kremer, Michael & Zwane, Alix Peterson, 2005. "Encouraging Private Sector Research for Tropical Agriculture," World Development, Elsevier, vol. 33(1), pages 87-105, January.
    7. Masters, William A. & Delbecq, Benoit, 2008. "Accelerating innovation with prize rewards: History and typology of technology prizes and a new contest design for innovation in African agriculture," IFPRI discussion papers 835, International Food Policy Research Institute (IFPRI).
    8. Pardey, Philip G. & James, Jennifer S. & Alston, Julian M. & Wood, Stanley & Koo, Bonwoo & Binenbaum, Eran & Hurley, Terrance M. & Glewwe, Paul & Mayer, Jorge & Jones, Richard & De Groote, Hugo & Kana, 2007. "Science, Technology and Skills," Reports 136256, University of Minnesota, International Science and Technology Practice and Policy.
    9. Wright, Brian D. & Pardey, Philip G. & Nottenburg, Carol & Koo, Bonwoo, 2007. "Agricultural Innovation: Investments and Incentives," Handbook of Agricultural Economics, in: Robert Evenson & Prabhu Pingali (ed.), Handbook of Agricultural Economics, edition 1, volume 3, chapter 48, pages 2533-2603, Elsevier.
    10. Gruère, Guillaume & Narrod, Clare & Abbott, Linda, 2011. "Agricultural, food, and water nanotechnologies for the poor: Opportunities, constraints, and role of the Consultative Group on International Agricultural Research," IFPRI discussion papers 1064, International Food Policy Research Institute (IFPRI).
    11. James, Jennifer S. & Pardey, Philip G. & Alston, Julian M., 2008. "Agricultural R&D Policy: A Tragedy of the International Commons," Staff Papers 43094, University of Minnesota, Department of Applied Economics.

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