000048651 001__ 48651
000048651 005__ 20171108185904.0
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):

<center>  <h2> Deposit Agreement </h2> </center>
I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;).
I represent that the work is original and that I either own all rights of copyright 
or have the right to deposit the copy in a digital archive such as AgEcon Search. 
I represent that in regard to any non-original material included in the Work I have
secured written permission of the copyright owner (s) for this use or believe this 
use is allowed by law. I further represent that I have included all appropriate 
credits and attributions. I hereby grant the Regents of the University of Minnesota
(&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, 
and distribute the Work, in whole or in part, for the purposes of security, preservation,
and perpetual access. I grant the University a limited, non-exclusive right to make
derivative works for the purpose of migrating the Work to other media or formats in
order to preserve access to the Work. I do not transfer or intend to transfer any 
right of copyright or other intellectual property to the University. If the Deposit 
Agreement is executed by the Author�s Representative, the Representative shall separately
execute the following representation: I represent that I am authorized by the Author
to execute this Deposit Agreement on behalf of the Author.
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$$qGLOBAL_SET
000048651 912__ $$nSubmitted by Staci Sexton (sexto048@umn.edu) on 2009-03-30T20:32:15Z
No. of bitstreams: 1
iadp09.pdf: 179886 bytes, checksum: 70ecee64c8b116576421685c16b837d8 (MD5)
000048651 912__ $$nMade available in DSpace on 2009-03-30T20:32:16Z (GMT). No. of bitstreams: 1
iadp09.pdf: 179886 bytes, checksum: 70ecee64c8b116576421685c16b837d8 (MD5)
  Previous issue date: 1999-05
000048651 982__ $$gInternational Food Policy Research Institute>Impact Assessment Discussion Papers
000048651 980__ $$a590