THE POLITICS OF UNDERINVESTMENT IN AGRICULTURAL RESEARCH
构建了一个政治经济学框架,分析政府因无法可信承诺或补偿成本过高,导致公共研究支出投资不足的原因。
This paper develops a political economy framework that determines the factors causing underinvestment in public research expenditures. Governments are unable to fully compensate for unequal income distribution effects of research because of either their inability to make credible commitments or of deadweight costs associated with compensation.