Development of infrastructure is essential presumption for growth and development of relevant economic entities. The empirical evidence of private initiative importance and potentials in the establishment of cooperation with the public sector in infrastructure projects financing and operation...

This paper presents a theoretical economic model assessing the effect of the level of mandatory geneticallymodified (GM) / non-GM coexistence regulations on market and welfare outcome. We assumevertical differentiation of GM and non-GM goods on the consumer side. Producers are heterogeneousin...

The development of agricultural biotechnology offers the opportunity to increase crop production, lowers farming costs, improves food quality and could reduce costs to consumers. For the food importing economies, the import quantities as well as prices will be affected through world market as...

Technological choice and competitive strategy issues are reviewed and then a framework for choosing between two competing technologies is proposed.The two competing technologies differ in their ability to store and process wild rice over a marketing year. The traditional technologies requires...

This paper develops a model of farmer decision-making to examine the extent to which uncertainties about the performance of site-specific technologies (SSTs) and about the weather impact the value of these technologies. The model uses the jointly estimated risk and technology parameters to...

The nature of the observed market structure and R&D competition in genomics research is used as the basis for a comparative analysis of research under a mixed oligopoly, pure oligopoly and monopoly when the timing of the innovation outcome is uncertain (as in an R&D race), the winner-take-all...

Biotechnology techniques have played an important role in meeting farmer's needs in the seed industry given the changes in customer's preferences. This paper analytically evaluates the time paths of pricing a portfolio of seeds, which simultaneously encourages seed adoption and maximizes a...

When products are differentiated and quality is highly subjective (e.g., fashion or art), novel (e.g., a new feature), or difficult to verify prior to purchase (e.g., credence attributes), consumers may turn to price as a signal of quality. Products containing genetically modified (GM)...

This paper analyzes the market and welfare effects of the introduction of GM products in small open developing economies that, prior to the adoption of GM crops, were net exporters of non-GM products. It explicitly accounts for differences in consumer attitudes towards GM products and producer...

Despite the efforts of various economists and agricultural scientists in calling for more investments, funding for agricultural R&D has been stagnated for the last two decades in China. This will pose a great challenge for the China's agricultural sector. Productivity has leveled off, and...