Cooperative versus noncooperative behavior: the case of agricultural research

Article Abstract:

Lindahl and Nash-Cournot behaviour models are assumed to study the allocation of resources for public goods supply by non-voluntary and voluntary contributions in cases of agricultural research. Noncooperative schemes are adopted in 50% of the US agricultural research cases studied. Voluntary supply of public goods is usually thought suboptimal when using an assumption of noncooperation which leads to the Nash-Cournot result. A Lindahl equilibrium results from the attainment by agents of a cooperative equilibrium when the level of the public good supplied must coincide on aggregate across agents.

Agricultural research

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The effects of R&D, foreign technology purchase, and domestic and international spillovers on productivity in Indian firms

Article Abstract:

Panel data for Indian manufacturing companies from 1974-1975 to 1981-1982 and R&D data from nine nations were used to estimate the impact on output of their in-house R&D, technology purchase expenditures and foreign and domestic spillovers. Results indicate that estimated rates of return to technology purchase expenditures are substantially higher than most estimates of returns to R&D from India or the developed countries. Overall results indicate that there are significant returns to be gained from increasing technology-purchase-expenditure levels.

Research and Development in the Physical, Engineering, and Life Sciences, Research & Development-Industry, Manufacturing industry, Manufacturing industries, Industrial research, India, Corporations, Technology, Corporations, Indian

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Residential buildings and the cost of construction: new evidence on the efficiency of the housing market

Article Abstract:

The role of new building construction on the efficiency of the housing market has been studied using data on 25,000 single-family home sales in Vancouver, BC, between 1979 and 1989. Hedonic methods were used in decomposing quality-adjusted housing prices into the price of the vacant land and the price of a building. Results support long-term housing equilibrium assumptions. These are that the price of a newly-constructed building equals current construction costs and that the expected risk-adjusted rates of return across assets will be equal.

Single Family Housing Construction, Single-family housing construction, 1-Family Housing, Residential construction, Finance, Housing, Housing development, Efficient market theory, Vancouver, British Columbia, Single family housing

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