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WELFARE IMPLICATIONS OF INTRODUCING BIOTECH TRAITS IN A MARKET WITH SEGMENTS AND SEGREGATION COSTS: THE CASE OF ROUNDUP READY® WHEAT--SUMMARY AgEcon
Wilson, William W.; DeVuyst, Eric A.; Koo, Won W.; Taylor, Richard D.; Dahl, Bruce L..
Roundup Ready® Wheat (RRW) was one of the first genetically modified (GM) traits for the wheat sector and was under review by regulatory agencies in the United States and Canada when Monsanto withdrew it from further consideration. There are a multitude of issues associated with the ex ante evaluation of this decision. These include market acceptance and segregation, as well as the varying sources of cost savings and productivity gains. In this article, we develop a spatial partial equilibrium model of the higher-protein hard wheat market and assess the changes in the distribution of welfare associated with release and adoption of RRW. It incorporates segments for GM aversion in each market and segregation costs for each segment. Major conclusions...
Tipo: Working or Discussion Paper Palavras-chave: Genetically modified grains; Welfare analysis; Wheat; Crop Production/Industries.
Ano: 2005 URL: http://purl.umn.edu/23611
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WELFARE IMPLICATIONS OF INTRODUCING BIOTECH TRAITS IN A MARKET WITH SEGMENTS AND SEGREGATION COSTS: THE CASE OF ROUNDUP READY® WHEAT AgEcon
Wilson, William W.; DeVuyst, Eric A.; Koo, Won W.; Taylor, Richard D.; Dahl, Bruce L..
Roundup Ready® Wheat (RRW) was one of the first genetically modified (GM) traits for the wheat sector and was under review by regulatory agencies in the United States and Canada when Monsanto withdrew it from further consideration. There are a multitude of issues associated with the ex ante evaluation of this decision. These include market acceptance and segregation, as well as the varying sources of cost savings and productivity gains. In this article, we develop a spatial partial equilibrium model of the higher-protein hard wheat market and assess the changes in the distribution of welfare associated with release and adoption of RRW. It incorporates segments for GM aversion in each market and segregation costs for each segment. Major conclusions...
Tipo: Working or Discussion Paper Palavras-chave: Genetically modified grains; Welfare analysis; Wheat; Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies.
Ano: 2005 URL: http://purl.umn.edu/23554
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STRATEGIC ANALYSIS OF TRAIT COMMERCIALIZATION IN GENETICALLY MODIFIED (GM) GRAINS: THE CASE OF GM WHEAT AgEcon
Huso, Scott R.; Wilson, William W..
The prospective commercialization of GM traits leads to several strategic questions for agbiotechnology and seed firms. Important issues addressed in this study include the method of trait commercialization by agbiotechnology firms and variety production decisions by seed firms. Specifically, agbiotechnology firms must decide whether to license their traits to seed firms, to purchase a seed firm, or to not license or release their traits. These issues are highly strategic. The purpose of this study was to determine equilibrium strategies of agbiotechnology and seed firms regarding the prospective commercialization of two GM traits. Two game theory models were developed to examine equilibrium strategies in two different scenarios. In the first model,...
Tipo: Working or Discussion Paper Palavras-chave: Genetically modified grains; Wheat; Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies.
Ano: 2005 URL: http://purl.umn.edu/23632
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