SOCIALLY EFFICIENT ALLOCATION OF GM AND NON-GM CROPS UNDER CONTAMINATION RISK

This paper develops a model of optimal allocation of GM and non-GM crops under contamination risk. The model is used to compare the producer optimal crop allocation at equilibrium to the social efficient crop allocation. From the socially optimum conditions, the paper identifies production environments under which GM crops are more likely to be overplanted.

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Year of publication:	2003
Authors:	Sarmiento, Camilo
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	Crop Production/Industries \| Research and Development/Tech Change/Emerging Technologies

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Extent:	application/pdf
Series:	2003 Annual meeting, July 27-30, Montreal, Canada.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2003 Annual meeting, July 27-30, Montreal, Canada Number 21954
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005805877