000048651 001__ 48651
000048651 005__ 20180122210724.0
000048651 037__ $$a590-2016-39878
000048651 041__ $$aen
000048651 245__ $$aReturns to policy-related social science research in agriculture
000048651 260__ $$c1999-05
000048651 269__ $$a1999-05
000048651 300__ $$a31
000048651 336__ $$aWorking or Discussion Paper
000048651 490__ $$aImpact Assessment discussion paper
000048651 490__ $$a9
000048651 520__ $$aPolicy research is valuable as a source of information for decisionmakers. The
value of research is the expected social gain from policy decisions influenced by the
information generated. The gain from a decision depends on choosing the best policy
given the state of the world, which is uncertain. The output of policy research is a
conclusion about that state. Taking a Bayesian approach, the ex ante value of a research
program is estimated from information about decisionmakers’ prior probabilities of the
state of the world and the likelihood of correct and incorrect research findings.
Case studies of U.S. agricultural policy research cover consequences of trade
liberalization, farm commodity program analysis, effects of publicly supported
commodity promotion, and the value of publicly funded crop forecasting and research on
agricultural technology. The quantification of the value of these research programs is
highly conjectural, but consideration of their likely magnitude, as compared to the costs
of the research, suggests that there are substantial net social gains.
000048651 542__ $$fLicense granted by Staci Sexton (sexto048@umn.edu) on 2009-03-30T20:30:26Z (GMT):

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000048651 650__ $$aResearch Methods/ Statistical Methods
000048651 700__ $$aGardner, Bruce L.
000048651 8564_ $$s179886$$uhttp://ageconsearch.umn.edu/record/48651/files/iadp09.pdf
000048651 887__ $$ahttp://purl.umn.edu/48651
000048651 909CO $$ooai:ageconsearch.tind.io:48651$$pGLOBAL_SET
000048651 912__ $$nSubmitted by Staci Sexton (sexto048@umn.edu) on 2009-03-30T20:32:15Z
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  Previous issue date: 1999-05
000048651 982__ $$gInternational Food Policy Research Institute>Impact Assessment Discussion Papers
000048651 980__ $$a590