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Measuring research benefits in an imperfect market: second comment
Author(s) -
Holloway Garth John
Publication year - 2000
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/j.1574-0862.2000.tb00010.x
Subject(s) - imperfect , economics , microeconomics , econometrics , mathematical economics , actuarial science , philosophy , linguistics
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.