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Impact of Biotech Grains on Market Structure and Societal Welfare
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Impact of Biotech Grains on Market Structure and Societal Welfare
Please use this identifier to cite or link to this item: http://hdl.handle.net/10355/300
| 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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AgBioForum, vol. 05, no. 3 (2002) [6]
Contents of volume 5, number 3.