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| Sobolevsky, Andrei; Moschini, GianCarlo; Lapan, Harvey E.. |
| We develop a new partial equilibrium, four-region world trade model for the soybean complex comprising soybeans, soybean oil, and soybean meal. In the model, some consumers view genetically modified Roundup Ready (RR) soybeans and products as weakly inferior to conventional ones; the RR seed is patented and sold worldwide by a U.S. firm; and producers employ a costly segregation technology to separate conventional and biotech products in the supply chain. The calibrated model is solved for equilibrium prices, quantities, production patterns, trade flows, and welfare changes under different assumptions regarding regional government's production and trade policies, differentiated consumer tastes, and several other demand and supply parameters. Incomplete... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Biotechnology; Differentiated demand; Food labeling; Genetically modified products; Identity preservation; Innovations; Intellectual property rights; International trade; Loan deficiency payments; Market failure; Monopoly; Roundup Ready soybeans; Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies. |
| Ano: 2002 |
URL: http://purl.umn.edu/18348 |
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