Scatasta, Sara; Wesseler, Justus; Demont, Matty - European Association of Agricultural Economists - EAAE - 2005
This study applies a real option approach to quantify, ex-ante, the maximum incremental social tolerable irreversible costs that would justify immediate adoption of Bt maize in France. Based on field trials, we find that incremental private reversible benefits in the agricultural sector are -18...