Economic return to quality-enhancing research : the case of dark-cutting beef in Australia

Research output: Journal PublicationsJournal Article (refereed)

Abstract

An aggregated trading model is developed for assessing the size and distribution of benefits from research that reduces dark-cutting (DC) beef in Australia. The Australian beef industry has the potential to obtain gross research benefits in the range A$105-133 million per year from a 50% (or 4 percentage point) reduction in the incidence of beef with DC syndrome. The bulk of these benefits accrues to beef producers. The calculated level of benefits gives a guide to the maximum sum that could rationally be spent to obtain the requited reduction in DC.
Original languageEnglish
Pages (from-to)63-69
Number of pages7
JournalIrish Journal of Agricultural and Food Research
Volume31
Issue number1
Publication statusPublished - 1 Jan 1992
Externally publishedYes

Keywords

  • Beef
  • Economics
  • Research (Benefits)

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