Genetically modified corn seed companies have recently created stacked varieties which combine more than one trait. This work develops a Bayesian model that demonstrates how uncertainty with a package technology can lead to an adoption pattern in which farmers move from single trait to stacked...

GM corn seed companies have innovated continuously with the introduction of new traits and, more recently, with the creation of stacked varieties, which combine more than one trait. This work develops a Bayesian model of adoption dynamics that demonstrates how uncertainty with a package...

The Bayh-Dole Act of 1980, key court decisions, and several breakthrough process technologies, paved the way for a period of remarkable growth in the patenting of life science research by U.S. universities in the 1980s and 1990s. Using a multiple-output cost framework and panel data on 96...

This work offers a new approach to the adoption of GM crop varieties by adopting the econometric methodology of the characteristics-based demand literature. A random utility framework was implemented through different specifications of a conditional (CL) and a mixed multinomial logit (MMNL)...

This article proposes a model of technology adoption that integrates demand for individual traits of new technologies with the potential for heterogeneity based on farm and farmer characteristics. The model is applied to recent genetically modified corn adoption data from Minnesota and Wisconsin...

We used a state contingent approach to give a detailed analysis of the uncertainty surrounding seed trait adoption. Our framework emphasizes the role of timing and information in farmers’ adoption decisions. The inherent embeddedness of seed traits results in timing restrictions and the...

Advances in the genetic modification of agricultural seeds have allowed a range of new opportunities for manipulating seed traits according to production, market and environmental concerns. As seed varieties continue to become increasingly differentiated, preferences for specific seed traits may...

This work analyzes the effects of transport costs and corruption on the sustainability of natural resources use in West Africa. We develop an explicitly spatial model of how transport costs and corruption can affect natural resource exploitation. We then test its implications using a unique...