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    • University of Missouri-Columbia
    • College of Agriculture, Food and Natural Resources (MU)
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    • Economics and Management of Agrobiotechnology Center (MU)
    • AgBioForum (Journal)
    • AgBioForum, vol. 06, no. 1 & 2 (2003)
    • View Item
    •   MOspace Home
    • University of Missouri-Columbia
    • College of Agriculture, Food and Natural Resources (MU)
    • Division of Applied Social Sciences (MU)
    • Department of Agricultural Economics (MU)
    • Economics and Management of Agrobiotechnology Center (MU)
    • AgBioForum (Journal)
    • AgBioForum, vol. 06, no. 1 & 2 (2003)
    • View Item
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    Research Prizes : A Mechanism to Reward Agricultural Innovation in Low-Income Regions

    Masters, William A.
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    [PDF] Research prizes.pdf (157.3Kb)
    Date
    2003
    Format
    Article
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    Abstract
    This paper identifies market failures that limit biotechnology research for farmers in low-income regions and proposes a system of cash prizes to reward the dissemination of successful innovations. The prize authority would specify a target region(e.g., Sub-Saharan Africa) and offer to pay a fixed proportion(e.g., 20%) of the estimated social value of any innovation, computed using standard procedures, to buy out the innovation into the public domain. A governance structure to ensure credibility and financial sustainability is proposed.
    URI
    http://hdl.handle.net/10355/243
    Citation
    AgBioForum, 6(1&2) 2003: 71-74.
    Rights
    OpenAccess.
    This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
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    • AgBioForum, vol. 06, no. 1 & 2 (2003)

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