This paper analyses how a public institution chooses the optimal contract (cofinancing rate) in funding agricultural R&D research projects. A theoretical model is developed within a principal-agent framework taking into account the asymmetric information both players have to handle. The...

Elasticities estimate is the traditional representation of production response to price changes within the neoclassical theory of the production process. The conventional solution is the econometric estimation of a production, or dual, function, and the following calculation of elasticities....

This paper analyses the process of technical change focusing on the effects both of R&D and extension investiments and on the induced innovation hypotesis. This is done relying on a nonparamatric approach to production analysis consisting in analysing a finite body of data without ad hoc...

Agbiotech innovations are the final outcome of a highly complex system of knowledge, research and technological development. The aim of this paper is to analyse those knowledge modules contributing to the creation and enhancement of biotech innovations in agriculture (mainly, GM varieties....

Much has been written on the alleged negative impact of rapidly growing biofuel production on agricultural markets and prices. Within a longer-term perspective one critical aspect in this respect is the limited development of biofuel international trade observed thus far. Due mainly to the...