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Abstract

Benefit‐cost analyses of R&D activity in agriculture increasingly form part of the decision‐making process of allocating R&D funds. This article describes how institutional and social influences can affect the rigour and quality of R&D evaluations. The article explores some possible mechanisms for quality control in benefit‐cost analysis so that appraisals are more likely to be accountable and credible assessments rather than false advertising or biased assessments.

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