Pricing of Herbicide-Tolerant Soybean Seeds: A Market-Structure Approach

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Pricing of Herbicide-Tolerant Soybean Seeds: A Market-Structure Approach

Please use this identifier to cite or link to this item: http://hdl.handle.net/10355/6930

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Title: Pricing of Herbicide-Tolerant Soybean Seeds: A Market-Structure Approach
Author: Shi, Guanming; Chavas, Jean-Paul; Stiegert, Kyle W.
Keywords: imperfect competition
biotechnology
plant breeding
Date: 2009
Publisher: AgBioForum
Citation: AgBioForum, 12(3&4) 2009: 326-333.
Abstract: This article investigates the effects of supply-side factors on the pricing of soybean seeds in the United States. We discuss recent trends that have shaped the US soybean seed market. Using an econometric model, we also analyze the impacts on soybean seed prices of changes in market size, market concentration, and vertical organization (including vertical integration and biotech trait licensing). We simulate the effects of recent market changes on the pricing of different seed types. The analysis finds that increased within-market concentration tends to enhance seed price in that market. However, in a multi-market framework, the simulations show that the presence of complementarity in production and distribution mitigates these price enhancing effects.
URI: http://hdl.handle.net/10355/6930
ISSN: 1522-936X

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