This note generalizes a finding about the necessary and sufficient conditions for research to generate greater benefits in the presence of distortions and highlights a significant source of bias in conventional cost-benefit calculations. © 2000 Elsevier Science B.V. All rights reserved.

Some small-holders are able to generate reliable and substantial income flows through small-scale dairy production for the local market; for others, a set of unique transaction costs hinders participation. Cooperative selling institutions are potential catalysts for mitigating these costs,...

Increasingly, spatial econometric methods are becoming part of the standard toolkit of applied researchers in agricultural, environmental and development economics. Nonetheless, applications in discrete-choice settings remain few and despite its appeal, applications of the Bayesian paradigm in...