This paper examines efficiency implications of national and local policies for fund allocation and management of agricultural research, which produce pure and impure public goods. The possibility is examined that competitive grants programs increase rent seeking activities by scientists relative...

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...

Abstract not available.

Abstract not available.

Explores landowner-tenant contracts in land tenure in agriculture. Inefficiency of share tenancy relative to owner cultivation; Introduction of principal-agent models; Influence of monitoring in studying optimal landowner-tenant risk sharing; Need to study adequate tenant incentives