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An Exploration of Product Choices in U.S. Biotech Corn Seed Market

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  • Zhang, Wenhui
  • Shi, Guanming
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    Abstract

    We investigate the market and firm-specific factors that may impact firms’ product choices in the U.S. biotech corn seed market. Specifically, we estimate how the competition effects, the conglomeration effect, the similarity effect, and other market shifters influence firms’ variety choices under imperfect competition. In addition, we examine and compare such responses among different types of firms, including integrated biotech firms versus seed companies, and the incumbent firms versus the entrant firms.

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    File URL: http://purl.umn.edu/124758
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    Bibliographic Info

    Paper provided by Agricultural and Applied Economics Association in its series 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington with number 124758.

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    Date of creation: 2012
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    Handle: RePEc:ags:aaea12:124758

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    Keywords: variety choice; imperfect competition; biotech seeds; Crop Production/Industries; Research Methods/ Statistical Methods;

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    1. B. Curtis Eaton, 1972. "Spatial Competition Revisited," Canadian Journal of Economics, Canadian Economics Association, vol. 5(2), pages 268-78, May.
    2. Guanming Shi & Jean-paul Chavas & Kyle Stiegert, 2010. "An Analysis of the Pricing of Traits in the U.S. Corn Seed Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 92(5), pages 1324-1338.
    3. Lisa George & Joel Waldfogel, 2000. "Who Benefits Whom in Daily Newspaper Markets?," NBER Working Papers 7944, National Bureau of Economic Research, Inc.
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