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    • AgBioForum (Journal)
    • AgBioForum, vol. 12, no. 1 (2009)
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    •   MOspace Home
    • University of Missouri-Columbia
    • College of Agriculture, Food and Natural Resources (MU)
    • Division of Applied Social Sciences (MU)
    • Department of Agricultural Economics (MU)
    • Economics and Management of Agrobiotechnology Center (MU)
    • AgBioForum (Journal)
    • AgBioForum, vol. 12, no. 1 (2009)
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    The Santaniello Theorem of Irreversible Benefits

    Wesseler, Justus, 1963-
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    [PDF] SantanielloTheorem.pdf (160.0Kb)
    Date
    2009
    Format
    Article
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    Abstract
    Irreversible benefits favor an earlier introduction of GM crops versus a later one. A non-trivial question is if they also weigh more than reversible benefits similar to irreversible costs but in the opposite direction. In this contribution, I will show that indeed irreversible benefits do weigh more than reversible ones and indeed result in an irreversibility effect, albeit a positive one. The problem can be summarized by the following theorem: "Irreversible benefits justify the immediate introduction of transgenic crops, even if future uncertainty about reversible benefits include negative benefits and traditional cost-benefit analysis, and treating all benefits and costs as reversible would reject the introduction." I call this theorem -- in honor of Vittorio Santaniello -- the "The Santaniello Theorem of Irreversible Benefits."
    URI
    http://hdl.handle.net/10355/1414
    Citation
    AgBioForum, 12(1) 2009: 8-13.
    Rights
    OpenAccess.
    This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
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    • AgBioForum, vol. 12, no. 1 (2009)

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