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Integration of Agriculture and Technological Change

Published online by Cambridge University Press:  15 September 2016

Fred C. White
Fred C. White*
Affiliation:
Department of Agricultural and Applied Economics, The University of Georgia, Athens, GA
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Abstract

Market structure has implications for research policies. The public sector reduced its support for technological change for poultry relative to beef and pork after poultry became integrated. However, market integration causes private sector research to be below the optimal level from society's perspective. In order to get the appropriate response from the private sector, the public sector should not reduce its support for technological change after market integration. Instead, the public sector should increase its support for research such as basic science that complements private sector research.

Type
Articles
Information
Agricultural and Resource Economics Review , Volume 24 , Issue 1 , April 1995 , pp. 111 - 118
Copyright
Copyright © 1995 Northeastern Agricultural and Resource Economics Association 

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