Monopolization and the regulation of genetically modified crops: an economic model
Abstract
Although genetically modified organisms (GMOs) have recently attracted a great deal of public attention, analysis of their economic impact has been far less common. This paper puts forward variants of a simple model of crop production, each one tailored to a particular aspect of transgenic food technology. The focus is on the possibility of monopolization and its consequential welfare costs. Risk factors identified include moderate cost savings from transgenic varieties, high seed storage costs, and high risks of crop loss. The paper also discusses some of the possible remedies including tighter regulation of anti-competitive practices and liberalization of the regulations governing the introduction of new GMOs.Download Info
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Article provided by Cambridge University Press in its journal Environment and Development Economics.
Volume (Year): 8 (2003)
Issue (Month): 01 (February)
Pages: 167-186
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Handle: RePEc:cup:endeec:v:8:y:2003:i:01:p:167-186_00
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Toolsema, L., 2005. "Competition with mandatory labeling of genetically modified products," Research Report 05F12, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
- Toolsema, Linda, 2005. "Competition with mandatory labeling of genetically modified products," Research Report 05C12, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
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