Introducing Genetically Modified Plants: Now or Later - An Option Value Approach

Using market data, we have estimated the quasi option value of delaying to grow genetically modified corn and soybeans in Europe. We find that the current quasi option value of growing genetically modified soybeans and corn in Europe is high. This makes it likely that for the time being the information value of waiting exceeds the market gains of growing genetically modified plants in Europe.

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Year of publication:	2005
Authors:	Romstad, Eirik ; Brimi, Live ; Ljorerud, Urda
Institutions:	European Association of Agricultural Economists - EAAE
Subject:	quasi option value \| value of information \| genetically modified plants \| Crop Production/Industries

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Extent:	application/pdf
Series:	2005 International Congress, August 23-27, 2005, Copenhagen, Denmark.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark Number 24655
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005803235