The paper develops a theoretical framework of heterogeneous consumers and producers to examine the market and welfare effects of the introduction of variety-level genetic use restriction technologies (V-GURTs) under the current No-Labeling regime of GMPs in the US market. Specifically, the study...

The paper develops a theoretical framework of heterogeneous consumers and producersto examine the market and welfare effects of the introduction of variety-level genetic userestriction technologies (V-GURTs) under the current No-Labeling regime of GMPs inthe US market. Specifically, the study...

This study develops a theoretical framework of heterogeneous consumer preferences to examine theeffect of voluntary and mandatory country of origin labeling (COOL) on consumer purchasingdecisions and welfare when consumers view COOL information as an attribute that differentiatesproducts...

We examine the impact of food labels that make unsupported claims of food safety and labels that provide information to support such claims on consumer choices and examine consumers' willingness to pay for beef products with these different food safety labeling cues. Empirical results from a...

Empirical investigation of global warming models in economics have started basically with simple calibrations of control models where the whole world was represented by a single agent. Theoretical advances in disaggregated game theoretic models have also motivated the analysis of disaggregated...