Edited by J.L. Outlaw and E.G. Smith. Abstract Currently Unavailable.

Abstract Currently Unavailable.

This paper describes major external changes to the U.S. public agricultural research system over 1988-1999; describes the reactions of the public agricultural research system to the external changes, specifying the innovations that have occurred over the last decade; and draws conclusions about the...

A conceptual analysis of important issues in the organization and management of academic research is presented. Principal-agent theory is applied to derive optimal compensation schemes for scientists when they differ in ability, risk aversion, cost of effort, and reservation utility, and to show...

In most environments, information is critical to consumersï¾’ decision making. Consumers have prior beliefs about quality and price of goods and services and obtain new information which is used to update these prior beliefs or to form posterior beliefs, i.e., Bayesian learning. New food...

Abstract Currently Unavailable.

With the continuing controversy over genetically modified (GM) foods, some groups advocate mandatory labeling of these products, while other groups oppose labeling. An important issue is how GM labels affect consumers' willingness to pay for these food products in the market. Using a...

This study presents new estimates of supply and demand elasticities for U.S. multiproduct cash grain farms and estimates of input and output bias effects caused by public and private crop research, extension, and farmers' schooling. The study also shows that the social rate of return to public...

This paper applies production theory to define a new set of inputs for U.S. households for the post-war II period, tests the new inputs to see if they support a complete household-demand system, and reports a new social cost-of-living index. The data support a demand system with nine major input...

Abstract Currently Unavailable.