The burgeoning literature on how the benefits from research may be negative for a given price support arbitrarily ignores the costs of price supports for a given level of research. Furthermore, the very existence of price supports is inconsistent with the normative criterion that governments...

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...

A cross-section, time-series model of food processing firms examines how profitability is affected by acquiring either firms inside the food industry (i.e., firms within the parent's area of expertise), or outside of the food industry (i.e., conglomerate-type aquisitions). The study concludes...