Impact of Biotech Grains on Market Structure and Societal Welfare

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Impact of Biotech Grains on Market Structure and Societal Welfare

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Title: Impact of Biotech Grains on Market Structure and Societal Welfare
Author: Lence, Sergio H. (Sergio Horacio); Hayes, Dermot James
Keywords: consumer welfare
identity preservation
producer welfare
Bt corn
Date: 2002
Publisher: AgBioForum
Citation: AgBioForum, 5(3) 2002: 85-89.
Abstract: We quantify the economic impact of introducing genetically modified (GM) crops. Short-run results suggest that it might be optimal to maintain the identity of a greater proportion of non-GM grain than is currently demanded by non-GM consumers. Long-run results show that GM crops almost always benefit society, but one scenario is presented where overall welfare falls.
URI: http://hdl.handle.net/10355/300
ISSN: 1522-936X

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