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Genetic Information in Agricultural Productivity and Product Development Author info | Abstract | Publisher info | Download info | Related research | Statistics David A. Hennessy
John A. Miranowski
Bruce A. Babcock
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Two prominent features of recent changes in agriculture have been the advent of precision breeding techniques and an increase in the level of information netputs in production. This article identifies ways in which these features may complement in expanding the variety of processed products, level of productivity, and rate of change in productivity. Using a martingale concept of information, we identify conditions under which information increases the incentives to invest and engage in product differentiation activities. A theory on how genetic uniformity can enhance the rate of learning through process experimentation, and so the rate of technical change, is developed. Copyright 2003 American Agricultural Economics Association.
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Article provided by American Agricultural Economics Association in its journal American Journal of Agricultural Economics .
Volume (Year): 86 (2004)
Issue (Month): 1 (02)
Pages: 73-87
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Handle: RePEc:bla:ajagec:v:86:y:2004:i:1:p:73-87Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0002-9092
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Paper David A. Hennessy & John Miranowski & Bruce A. Babcock, 2003.
"Genetic Information in Agricultural Productivity and Product Development ,"
Center for Agricultural and Rural Development (CARD) Publications
03-wp329, Center for Agricultural and Rural Development (CARD) at Iowa State University.
[Downloadable!] Hennessy, David A. & Miranowski, John & Babcock, Bruce A., 2003.
"Genetic Information in Agricultural Productivity and Product Development ,"
Staff General Research Papers
10340, Iowa State University, Department of Economics.
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