This paper identifies market failures that limit agricultural R&D for Africa and other resource-poor environments, and proposes a way to complement existing institutions with cash prizes for the dissemination of successful new technologies adopted by low-income farmers. The proposed prize institution would use agronomic experiments and farm surveys to document the value of innovations after their initial diffusion, and offer payments in proportion to estimated social benefits in target regions.
Public–private partnerships that aim at the development of innovations have gained increasing attention from governments, public research and private companies, because they enable partners to draw from complementary resources and profit from synergy and joint learning. This article develops arguments for when partnerships should form and compares them with experiences in real partnership cases in Latin America.