This paper provides an overview of the historical and cultural factors that have contributed to divergent U.S. and European views on GMOs, and to resulting different national regulatory approaches for these products, specifically labelling policy. Within the context of the international trading...

The purpose of this brief article is to assess the current controversy over Genetically Modified Organisms (GMOs) in agriculture and its potential implications for the global trading system. More importantly, it offers a solution to the serious potential for injury to this system, to be...

A multi-sectoral partial equilibrium model of the markets for two types of Australian grapes and wine (premium and non-premium) is developed to study the aggregate returns from different types of research and promotion investments by the industry and their distribution across actors in the...

The present paper estimates the distributions of aggregate returns from different types of research and promotion investments by the Australian grape and wine industry among grapegrowers, winemakers, domestic and foreign consumers, and the tax office. The results show that most of the gains from...

Real options theory is employed to measure the value of investing in organic wheat production using precision agriculture technology. Results reveal that an option to wait until market uncertainty is resolved is valuable. Information obtained via precision agriculture technology is also valuable...

The ag-biotech industry underwent considerable consolidation in the last decade in part to take advantage of economics of scale and scope. The paper investigates the impact of such consolidation on inventive activity at the firm level. Careful attention is paid to the role of firm size,...

Empirical evidence from research on Bt maize in Kenya puts to rest most concerns raised against GMOs (not responding to farmers' needs, expensive, benefiting agro-business, risk of decreased biodiversity), but does indicate that contamination of local varieties is likely and buildup of insect...

Consumer attitudes towards genetically modified foods (GMFs) play a crucial role in the development of the technology. Both government and food manufacturers of agricultural products in the US and China are optimistic about the potential market for these foods. This paper compares two national...

Traditional measures of the benefits of technological change use producer prices. Consumer-oriented measures are more appropriate but they require knowledge of price impacts. They may diverge in the presence of distortions. This paper shows that in general equilibrium they are interrelated...