Using a simple model of the world canola market, this paper explores the consequences of the introduction of GM canola on prices, production and consumer welfare. In particular, the model contains heterogeneous consumers who differentiate between GM and non-GM canola, but who can be captured by...

Canola may be marketed as oilseed, oil or meal. Supply and demand of each of the commodities is influenced by, physical factors associated with land and weather, substitute commodity competition, land-use competition, production indirectly associated with canola such as that within the livestock...