Most of the literature attributes credit constraints in small-farm developing-country agriculture to the variability of returns to investment in this sector. But the literature does not fully explain lenders. reluctance to finance investments in technologies that provide both higher average and...

The theory of environmental regulation suggests that economic instruments, such as taxes and tradable permits, create more effective technology adoption incentives than conventional regulatory standards. We explore this issue for an important industry undergoing technological responses to a...

Despite the clear influence of European Union biotechnology restrictions on trade patterns, very little work has been done to model these influences or their long-run effects. This paper presents an economic trade theory model of biotechnology, biotechnology research and development (R&D), and...

Since 1995, genetically modified organisms (GMOs) have been introduced commercially into US agriculture. These innovations are developed and commercialised by a handful of vertically coordinated “"life science”" firms who have fundamentally altered the structure of the seed industry....

This paper analyzes price, production and trade consequences of changingconsumer preferences regarding the use of genetically modified organisms (GMOs) infood production. The analytical framework used is an empirical global generalequilibrium model, in which the entire food processing chain –...

This paper develops a model of heterogeneous producers to examine theeconomic causes of IPR infringement and its consequences for the welfare of the interestgroups and the pricing and adoption of a new technology (i.e., a genetically modifiedseed) in the context of a small open developing...

This study examines the risks associated with adoption of biotech crops and discusses their implications for risk management at the farm level. We develop an analytical risk evaluation matrix framework to illustrate changes in production and marketing risks of biotech and non-biotech crops....

Land Grant Universities are partnering with private firms to fulfill the university mission. Public and private entities can come together in mutually beneficial activities, measured by fulfillment of each party's mission. Rules of engagement are discussed. Six actual agreements currently in...

This work estimates Probit and Tobit models of the adoption of rbST on Connecticut dairy farms and then endogenizes that adoption in estimates of milk production and farm profit rates. The work improves on the current literature by allowing the rbST decision to be both continuous and contingent...