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Investing in People: Assessing the Economic Benefits of 1890 Institutions 31
Tegene, Abebayehu; Effland, Anne; Ballenger, Nicole; Norton, George W.; Essel, Albert E.; Larson, Gerald; Clarke, Winfrey.
The report examines the historical USDA funding levels of 1890 institutions; discusses the outcomes of these investments and potential measurable indicators of these outcomes; and outlines a conceptual model for estimating returns to investment in education tailored to particularities of the 1890's.
Tipo: Report Palavras-chave: 1890s; Land grant universities; Human capital; Extension service; Agricultural research; Research funding; Labor and Human Capital; Teaching/Communication/Extension/Profession.
Ano: 2002 URL: http://purl.umn.edu/33548
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SETTING EFFICIENT INCENTIVES FOR AGRICULTURAL RESEARCH: LESSONS FOR PRINCIPAL-AGENT THEORY 31
Huffman, Wallace E.; Just, Richard E..
This paper presents a conceptual analysis of important issues in management of agricultural research drawing on principal-agent theory and derives implications for funding and management of agricultural research. Building on well known attributes of research, whereby research results are risky, outputs are uncertain and sometimes unanticipated, more than one approach has validity for a given topic, we consider how incentives should be structured to elicit optimal research effort and directions, whether research directions should be set at a centralized or decentralized level, and the optimal duplication of effort. The results suggest that (i) the current trend toward replacement of formula funding by competitive grants allocation may be ill conceived,...
Tipo: Working or Discussion Paper Palavras-chave: Research management; Research funding; Agriculture; Principal-agent theory; Research incentives; Scientists' effort; Noncompetitive funding; Competitive funding; Duplicative effort; Research and Development/Tech Change/Emerging Technologies.
Ano: 1998 URL: http://purl.umn.edu/18253
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THE ORGANIZATION OF AGRICULTURAL RESEARCH IN WESTERN DEVELOPED COUNTRIES 31
Huffman, Wallace E.; Just, Richard E..
This paper reviews agricultural research structural and organization changes in western developed countries, examines new financing prospects for agricultural research, and provides some tentative conclusions about which organizations are best positioned to provide services for the 21st century. Given that these countries face many similar economic, political, scientific, and agroclimatic factors and fiscal issues, we can expect a similar set of similar new developments that have potentially important and widespread long-run implications. After three common developments are outlined, principles of impure public good financing are applied leading to the following agricultural science policy recommendations (i) new political jurisdictions should be formed...
Tipo: Working or Discussion Paper Palavras-chave: Agricultural science policy; Research funding; Agricultural research; Developed countries; Impure public goods; Optimal decentralization; Alliances; Intellectual property rights; New developments; Research and Development/Tech Change/Emerging Technologies.
Ano: 1998 URL: http://purl.umn.edu/18262
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