This chapter extends the model for transgenic innovation pricing by Weaver and Kim (Incentives for R&D to develop GMO seeds: restricted monopoly, nonmarket effects, and regulation. Presented at the 6th International Conference of ICABR, Ravello, 2002) by considering ex-ante uncertainty and...

This book explores some of the complexities of decision-making under risk and uncertainty in environmental and natural resource economics. Risk and uncertainty are inherent problems for economists, and the authors in this volume offer numerous challenges and opportunities to improve the tools we...