Net social benefits from a research-induced cost reduction of an energy-backstop technology

Journal Article · Thu Nov 01 00:00:00 EST 1979 · Am. J. Agric. Econ.; (United States)

DOI:https://doi.org/10.2307/1239914· OSTI ID:5621489

Ward, F A

Substantial effort has been devoted to the development of measures of benefit attributable to agricultural research that lowers commodity costs. With increasing scarcity of energy inputs, many research resources are being devoted to overcome this scarcity by reducing the costs of backstop technologies, i.e., nonexhaustible sources of energy output. Drawing from the theory of exhaustible resources and the literature of traditional surplus measures of benefit and cost, this paper develops a conceptual framework for quantifying the net social benefit for successful backstop cost-reducing energy research. 18 references.

• Research Organization: New Mexico State Univ., Las Cruces
• OSTI ID: 5621489
• Journal Information: Am. J. Agric. Econ.; (United States), Vol. 61:4
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
60 APPLIED LIFE SCIENCES
AGRICULTURE
RESEARCH PROGRAMS
COST BENEFIT ANALYSIS
ECONOMIC ANALYSIS
ENERGY SHORTAGES
RENEWABLE ENERGY SOURCES
RESOURCE DEPLETION
SOCIAL IMPACT
TECHNOLOGY UTILIZATION
ECONOMICS
ENERGY SOURCES
INDUSTRY
290200* - Energy Planning & Policy- Economics & Sociology
553000 - Agriculture & Food Technology
530100 - Environmental-Social Aspects of Energy Technologies- Social & Economic Studies- (-1989)