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Estimating Future Consumer Welfare Gains from Innovation: The Case of Digital Data Storage AgEcon
Austin, David H.; MacAuley, Molly K..
We develop a quality-adjusted cost index to estimate expected returns to investments in new technologies. The index addresses the problem of measuring social benefits from innovations in service sector inputs, where real output is not directly observable. We forecast welfare gains from two U.S. Advanced Technology Program innovations equaling 25%-50% of expected price, and aggregate consumer benefits of $1-$2 billion, relative to trends in existing technologies. Our model's probabilistic parameters reflect uncertainty about prospective outcomes and in our hedonic estimates of shadow values for selected product attributes. The index can be readily adopted by research and development (R&D) managers in industry and government.
Tipo: Working or Discussion Paper Palavras-chave: Quality-adjusted cost index; Consumer surplus; Innovation; Research and Development/Tech Change/Emerging Technologies; O32; H43; D60.
Ano: 2000 URL: http://purl.umn.edu/10814
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A Quality-Adjusted Cost Index for Estimating Future Consumer Surplus from Innovation AgEcon
Austin, David H.; MacAuley, Molly K..
This paper describes a model for estimating, in a probabilistic framework, expected future consumer surplus from planned new product innovations. The model has been applied to estimations of taxpayer benefits from NASA's New Millenium Program (NMP), which develops new technologies for space science, and to the digital data storage technologies being supported by the Department of Commerce's Advanced Technology Program (ATP). The model uses cost index methods based on consumers' estimated marginal valuation for quality improvements in the technology. Probabilistic values for performance increases are taken from the innovators' own expectations. The analysis reveals the sensitivity of welfare increases to these values, which are assumed to be biased upward....
Tipo: Working or Discussion Paper Palavras-chave: Quality-adjusted cost index; Consumer surplus; Innovation; Environmental Economics and Policy; O32; H43; D60.
Ano: 1998 URL: http://purl.umn.edu/10655
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UNIVERSITY-INDUSTRY RELATIONSHIPS AND THE DESIGN OF BIOTECHNOLOGY RESEARCH AgEcon
Yang, Hui; Buccola, Steven T..
The central objective of the present paper is to examine how university bioscientists select their research agendas, with special attention to biotechnology firms' influence on those agendas. Among other issues, we will assess UIRs' potential effects on the private appropriability of the characteristics of bioengineered crop and animal varieties, and on the basicness and breadth of a scientist's research. Factors that potentially would affect scientists' research agenda include the university's size, reputation, resources, culture, and total government funding; the scientist's academic position and communication network; and the market power, cultures, and specialties of the biotech firms with which the university has research relationships. An...
Tipo: Conference Paper or Presentation Palavras-chave: Research and Development/Tech Change/Emerging Technologies; O31; O32; O33.
Ano: 2003 URL: http://purl.umn.edu/21985
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How Large Are the Welfare Gains from Technological Innovation Induced by Environmental Policies? AgEcon
Parry, Ian W.H.; Pizer, William A.; Fischer, Carolyn.
This paper examines whether the welfare gains from technological innovation that reduces future abatement costs are larger or smaller than the "Pigouvian" welfare gains from optimal pollution control. The relative welfare gains from innovation depend on three key factors - the initially optimal level of abatement, the speed at which innovation reduces future abatement costs, and the discount rate. We calculate the welfare gains from innovation under a variety of different scenarios. Mostly they are less than the Pigouvian welfare gains. To be greater, innovation must reduce abatement costs substantially and quickly and the initially optimal abatement level must be fairly modest.
Tipo: Working or Discussion Paper Palavras-chave: Innovation; Welfare; Regulation; Endogenous; Technological; Change; R&D; Environmental Economics and Policy; Q16; Q28; O32; O33.
Ano: 2002 URL: http://purl.umn.edu/10621
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The Evolving Landscape of IP Rights for Plant Varieties in the United States, 1930-2008 AgEcon
Pardey, Philip G.; Koo, Bonwoo; Drew, Jennifer; Nottenburg, Carol.
The United States was the first country in the world to explicitly offer intellectual property protection for plant varieties. Beginning in 1930, asexually reproduced plants were afforded plant patent protection, in 1970 sexually propagated plants could be awarded plant variety protection certificates, and beginning in 1985, courts confirmed that varieties of all types of plants were eligible for utility patents. From 1930 to 2008, a total of 34,340 varietal rights applications were lodged. The number of rights being sought continues to grow, with 42 percent of all the varietal rights claimed since 2000. Contrary to popular perception, most of these rights are for horticultural crops (69 percent), with ornamentals accounting for the lion’s share of the...
Tipo: Working Paper Palavras-chave: Plant patents; Plant variety protection; Utility patents; Agricultural and Food Policy; Crop Production/Industries; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q16; Q18; O32; O34.
Ano: 2012 URL: http://purl.umn.edu/119346
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THE REGULATORY REGIME AND ITS IMPACT ON INNOVATION ACTIVITIES IN AGRO-FOOD BIOTECHNOLOGY IN THE EU AND USA AgEcon
Menrad, Klaus.
Paper prepared for presentation at the Conference: “Seeds of Change: Intellectual Property Protection for Agricultural Biotechnology” University of Illinois at Urbana-Champaign (USA), April 8 to 10th, 2004
Tipo: Conference Paper or Presentation Palavras-chave: Agro-food Biotechnology; Innovation; European Union; United States; Regulations; Industrial Organization; L5; L66; O32.
Ano: 2004 URL: http://purl.umn.edu/91014
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COSTS OF CO-EXISTENCE AND TRACEABILITY SYSTEMS IN THE FOOD INDUSTRY IN GERMANY AND DENMARK AgEcon
Menrad, Klaus; Gabriel, Andreas; Gylling, Morten.
Paper prepared for presentation at the Fourth International Conference on Coexistence between Genetically Modified (GM) and non-GM based Agricultural Supply Chains (GMCC) Melbourne (Australia), 10th to 12th November 2009
Tipo: Conference Paper or Presentation Palavras-chave: Genetic engineering; GMO; Food industry; Co-existence; Agricultural and Food Policy; L51; O32.
Ano: 2009 URL: http://purl.umn.edu/91301
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Creating an innovative environment in total quality management system within companies AgEcon
Mitreva, Elizabeta; Prodanovska, Vesna.
The decision for development of the quality providing system could go in line with the company’s expansion and with the concept of the total quality management (TQM). The most diligent-untouchable assets within the companies are referring to the relation with the customers/consumers, employee’s skills and their knowledge and building an organizational culture tending towards innovations, problem solving and total working promotion. The paper discusses attitude of companies in Macedonia to promoting employees’ motivations to knowledge sharing and innovations.
Tipo: Journal Article Palavras-chave: Qualities; Innovations; Organizational culture; Buyers; Quality providing systems; Total quality management.; Research and Development/Tech Change/Emerging Technologies; M10; M12; O32.
Ano: 2009 URL: http://purl.umn.edu/94588
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Investments and Financial Flows Induced by Climate Mitigation Policies AgEcon
Bastianin, Andrea; Favero, Alice; Massetti, Emanuele.
In this paper we use the hybrid integrated model WITCH to quantify and analyze the investments and financial flows stimulated by a climate policy to stabilize Greenhouse Gases concentrations at 550ppm CO2-eq at the end of the century. We focus on investments to decarbonize the power sector and on investments in knowledge creation. We examine the financial flows associated with the carbon market and the implications for the international trade of oil. Criticalities in investment requirements will emerge when coal power plants with carbon capture and sequestration and nuclear power plants are deployed around 2020-2040, both in high and low income regions. Investments in energy related R&D increase sharply and might cause stress in the short term....
Tipo: Working or Discussion Paper Palavras-chave: Climate Change; Mitigation; Carbon Finance; Emission Trading; Energy Investments; Environmental Economics and Policy; Q01; Q43; Q54; O32; O11.
Ano: 2010 URL: http://purl.umn.edu/59418
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Globalization of innovation activity by transnational corporations: and its importance in the present economic crisis AgEcon
Zorska, Anna.
The research aims to investigate the process of globalizing innovation activity conducted by transnational corporations (TNCs), in a wider context of economic changes outside and inside companies. The process has been triggered by decentralization and internationalization of R&D, “creative transition” of foreign subsidiaries as well as implementing research networks and the open innovation model of TNCs’ innovation activity. Under the present economic crisis some slowdown and reorientation of innovation programs are implemented in order to reduce their costs and increase effectiveness. The globalization of corporate innovation activity can contribute to reaching some of TNCs’ goals both under the present crisis and the future revival of the world...
Tipo: Journal Article Palavras-chave: Globalization; Innovations; Economic crisis; TNC.; International Development; D21; F23; L22; O32.
Ano: 2010 URL: http://purl.umn.edu/94610
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CO-EXISTENCE COSTS UNDER GERMAN REGULATION - CASE STUDIES OF BT MAIZE AgEcon
Reitmeier, Daniela; Menrad, Klaus.
Paper prepared for presentation at the 10th ICABR International Conference on Agricultural Biotechnology: Facts, Analysis and Policies Ravello (Italy), June 29th to July 2nd, 2006
Tipo: Conference Paper or Presentation Palavras-chave: Co-existence measure; GMO; Bt maize; GIS; Germany; Agricultural and Food Policy; L51; O32.
Ano: 2006 URL: http://purl.umn.edu/91329
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Technical efficiency and technology gaps in beef cattle production systems in Kenya: A stochastic metafrontier analysis AgEcon
Otieno, David Jakinda; Hubbard, Lionel J.; Ruto, Eric.
In this study the stochastic metafrontier method is used to investigate technical efficiency and technology gaps across three main beef cattle production systems in Kenya. Results show that there is significant inefficiency in nomadic and agro-pastoral systems. Further, in contrast with ranches, these two systems were found to have lower technology gap ratios. The average pooled technical efficiency was estimated to be 0.69, which suggests that there is considerable scope to improve beef production in Kenya
Tipo: Conference Paper or Presentation Palavras-chave: Technical efficiency; Technology gap; Beef cattle; Production systems; Stochastic metafrontier; Kenya.; Livestock Production/Industries; D24; O32; Q18.
Ano: 2011 URL: http://purl.umn.edu/108947
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An analysis of the challenges of the maize seed industry in eastern and southern Africa AgEcon
Langyintuo, Augustine S.; Mwangi, Wilfred; Diallo, Alpha O.; MacRobert, John F.; Dixon, John; Banziger, Marianne.
The liberalization and restructuring of the seed sector in eastern and southern Africa (ESA) during the past two decades have witnessed a proliferation of private seed companies in the maize seed industry (Hassan et al., 2001; Lemonius, 2005). Although the total number of registered maize seed companies increased from 8 and 11, respectively, in 1997 to 40 each, the quantities of seed marketed barely doubled, increasing from 23,000 and 27,000 tons to 53,000 and 51,000 tons, respectively; an indication that the reforms are insufficient in ensuring efficient functioning of the sector in the two regions. A study involving 117 seed providers, representing 92 percent of all registered maize seed companies in ESA in 2007 identified bottlenecks that have...
Tipo: Conference Paper or Presentation Palavras-chave: Keywords: Maize seed industry; Seed policies; Eastern and southern Africa; Institutional and Behavioral Economics; International Development; Marketing; D21; M31; O32.
Ano: 2009 URL: http://purl.umn.edu/51713
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Innovation and Institutional Ownership AgEcon
Aghion, Philippe; Van Reenen, John; Zingales, Luigi.
We find that institutional ownership in publicly traded companies is associated with more innovation (measured by cite-weighted patents). To explore the mechanism through which this link arises, we build a model that nests the lazy-manager hypothesis with career-concerns, where institutional owners increase managerial incentives to innovate by reducing the career risk of risky projects. The data supports the career concerns model. First, whereas the lazy manager hypothesis predicts a substitution effect between institutional ownership and product market competition (and managerial entrenchment generally), the career-concern model allows for complementarity. Empirically, we reject substitution effects. Second, CEOs are less likely to be fired in the face of...
Tipo: Working or Discussion Paper Palavras-chave: Career Concerns; Innovation; Institutional Ownership; Productivity and R&D; Financial Economics; G20; G32; O31; O32; O33.
Ano: 2010 URL: http://purl.umn.edu/93414
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Effects of Bt Cotton in India During the First Five Years of Adoption AgEcon
Sadashivappa, Prakash; Qaim, Matin.
While previous research has analyzed the impacts of Bt cotton in India, most available studies are based on one or two years of data only. We analyze the technology’s performance over the first five years of adoption, using panel data with three rounds of observations. On average, Bt adopting farmers realize pesticide reductions of about 40%, and yield advantages of 30-40%. Profit gains are in a magnitude of US $60 per acre. These benefits have been sustainable over time. Farmers’ satisfaction is reflected in a high willingness to pay for Bt seeds. Nonetheless, in 2006 Indian state governments decided to establish price caps at levels much lower than what companies had charged before. This intervention has further increased farmers’ profits, but the impact...
Tipo: Journal Article Palavras-chave: Biotechnology; Bt cotton; Genetically modified crops; Farm survey; India; Seed markets; Technology adoption; Willingness to pay (WTP); Environmental Economics and Policy; Research and Development/Tech Change/Emerging Technologies; O32; O33; Q16; Q55; Q58.
Ano: 2009 URL: http://purl.umn.edu/49947
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Transgenic Trees: Implementation and Outcomes of the Plant Protection Act AgEcon
Sedjo, Roger A..
The responsibility for protecting U.S. agriculture from pests and diseases is assigned by the Federal Plant Pest Act (FPPA) to the Animal and Plant Health Inspection Service (APHIS) of the Department of Agriculture. The Plant Protection Act (Title 7 U.S.C. Sections 7701 et seq.) gives Aphis statutory authority over genetically modified organisms (GMO), in effect assigning to APHIS a related responsibility of determining whether a genetically altered plant, crop, or tree is likely to pose unacceptable risks to the environment. Although APHIS has considerable experience with crop plants, it has only limited experience with trees. Yet the possible benefits of applying genetic engineering to trees are substantial and include industrial wood production and...
Tipo: Working or Discussion Paper Palavras-chave: Forestry; Biotechnology; Transgenic; Tree plantations; Timber supply; Genes; GMOs; Industrial wood; Economics; Regulations; Costs; Benefits; Conservation; Resource /Energy Economics and Policy; Q21; Q23; Q16; O32; L73.
Ano: 2004 URL: http://purl.umn.edu/10629
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THE DETERMINANTS OF INNOVATION IN THE ITALIAN FOOD INDUSTRY: THE ROLE OF R&D NETWORKING AgEcon
D'Alessio, Massimiliano; Maietta, Ornella Wanda.
Objective of the paper is to verify which are the determinants of innovations in the Italian food industry and which role R&D networking, through the cooperative nature of firm, plays among these determinants. The data used are the 9th (2001-2003) wave of Capitalia surveys based on a representative sample of manufacturing firms with information on firm characteristics, employee education levels, innovation and R&D investments. The approach is a bivariate probit analysis where the two dependent variables are the presence of firm R&D and of innovations and the independent variables are firm characteristics. The results of the analysis show that, among the determinants of firm R&D intra moenia and of firm innovations in the Italian food...
Tipo: Conference Paper or Presentation Palavras-chave: Innovations; R&D networking; Firm property rights.; Consumer/Household Economics; Research and Development/Tech Change/Emerging Technologies; O31; O32; D21.
Ano: 2008 URL: http://purl.umn.edu/44856
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Crisis as a catalyst: the role of Schumpeterian innovation in the Lithuanian economy AgEcon
Giedraitis, Vincentas Rolandas; Rasteniene, Ausra.
What circumstances allow businesses to flourish in a stagnant world economy? We ask that question in our discussion of the uniquely favorable circumstances of the biotechnology sector in Lithuania. The purpose of this paper is to analyze Lithuania’s ability to expand its economy during a time of crisis, focusing on its unique ability to innovate in such sectors as biotechnology.
Tipo: Journal Article Palavras-chave: Schumpeter; Innovation; Kondratiev wave; Biotechnology; Business cluster theory; Financial Economics; International Development; Research and Development/Tech Change/Emerging Technologies; O31; O32.
Ano: 2009 URL: http://purl.umn.edu/94527
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TRANSLATING LATENT TRENDS IN FOOD CONSUMER BEHAVIOR INTO NEW PRODUCTS AgEcon
Gellynck, Xavier; Kuhne, Bianka; Van Wezemael, Lynn; Verbeke, Wim.
For successful product development it is important to explore the latent changes in consumer behavior prior to the product development process. The identification of a latent trend before the manifestation moment can be achieved by trend analysis. Trend analysis delivers insights that explore the future in order to identify prospective consumers and new product ideas, but also includes a feeling for the currents in market and technology. Hence, the aim is to identify emerging weak signals in consumer behavior that have potential as large revenue opportunities when implemented into new products. Therefore, the objective of our paper is to provide a novel tool for this identification and how the identified trends can be translated into new products. Until...
Tipo: Conference Paper or Presentation Palavras-chave: New Product development; Trend analysis; Novel trend implementation tool; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; M31; O31; O32.
Ano: 2010 URL: http://purl.umn.edu/116422
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Technological Leadership and Sectoral Employment Growth: A Spatial Econometric Analysis for U.S. Counties AgEcon
Pede, Valerien O.; Florax, Raymond J.G.M.; de Groot, Henri L.F..
This paper investigates the determinants of technological catch-up and examines at a refined level of spatial and sectoral aggregation to what extent geographical and/or technological proximity to the technology leader impact regional employment growth. Technological progress is endogenously determined and depends on specialization, competition and diversity. We also allow technological progress to depend on agglomeration economies in proximate regions, and model technological progress by means of a hierarchical process of catch-up to the technology leader. Results indicate that human capital plays a crucial role in promoting sectoral employment growth. The effect of technological distance varies, depending on which sector is considered. Technological...
Tipo: Report Palavras-chave: Regional employment growth; Technology leadership; Space; Research and Development/Tech Change/Emerging Technologies; R11; R12; C21; O32; O47.
Ano: 2011 URL: http://purl.umn.edu/102827
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