Hennessy, David A.; Babcock, Bruce Alan; Miranowski, John - Center for Agricultural and Rural Development (CARD), … - 2003
uniformity can enhance the rate of learning through process experimentation, and so the rate of technical change, is also … information increases the
incentives to invest and engage in product differentiation. A theory on how genetic
uniformity can ….
Keywords: experimentation, genetics, information, martingale, sorting, uniformity,
value added.
JEL: D2, O3, L0, N5 …