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Simulating The Effects Of Adoption Of Genetically Modified Soybeans In The U.S

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  • Nadolnyak, Denis A.
  • Sheldon, Ian M.
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    Abstract

    The paper models the distributional effects of partial adoption of genetically modified soybeans under the assumptions of imperfectly competitive markets and identity preservation requirements. Our results show the welfare costs of market imperfections and improve understanding the diffusion of innovation in agriculture.

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    File URL: http://purl.umn.edu/20734
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    Bibliographic Info

    Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2001 Annual meeting, August 5-8, Chicago, IL with number 20734.

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    Date of creation: 2001
    Date of revision:
    Handle: RePEc:ags:aaea01:20734

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    Related research

    Keywords: Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies;

    References

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    1. Karp, Larry & Perloff, Jeffrey M, 1988. "Open-loop and feedback models of dynamic oligopoly," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7pn779rc, Department of Agricultural & Resource Economics, UC Berkeley.
    2. Fershtman, Chaim & Kamien, Morton I, 1987. "Dynamic Duopolistic Competition with Sticky Prices," Econometrica, Econometric Society, vol. 55(5), pages 1151-64, September.
    3. Gollop, Frank M. & Roberts, Mark J., 1979. "Firm interdependence in oligopolistic markets," Journal of Econometrics, Elsevier, vol. 10(3), pages 313-331, August.
    4. Giancarlo Moschini & Harvey Lapan & Andrei Sobolevsky, 2000. "Roundup ready´┐Ż soybeans and welfare effects in the soybean complex," Agribusiness, John Wiley & Sons, Ltd., vol. 16(1), pages 33-55.
    5. Deodhar, Satish Y. & Sheldon, Ian M., 1997. "Market Power In The World Market For Soymeal Exports," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 22(01), July.
    6. Dixon, Robert J, 1980. "Hybrid Corn Revisited," Econometrica, Econometric Society, vol. 48(6), pages 1451-61, September.
    7. Domowitz, Ian & Hubbard, R Glenn & Petersen, Bruce C, 1987. "Oligopoly Supergames: Some Empirical Evidence on Prices and Margins," Journal of Industrial Economics, Wiley Blackwell, vol. 35(4), pages 379-98, June.
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    Cited by:
    1. Demont, Matty & Tollens, Eric, 2001. "Reshaping The Conventional Welfare Economics Framework For Estimating The Economic Impact Of Agricultural Biotechnology In The European Union," Working Papers 31835, Katholieke Universiteit Leuven, Centre for Agricultural and Food Economics.

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