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A Model of Diffusion of Genetically Modified Crop Technology in Concentrated Agricultural Processing Markets - The Case of Soybeans

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Author Info
Nadolnyak, Denis A.
Sheldon, Ian M.
Abstract

In the paper, a dynamic model of diffusion of genetically modified crop technology is developed and simulated using the U.S. soybean market data. The model accounts for factors specific to agricultural markets, such as oligopsony power and strategic interaction among crop processors, growers' characteristics such as adoption behavior, and identity preservation requirements. Simulation results show how these factors affect the magnitude and distribution of the potential gains from genetically modified crops.

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Paper provided by European Association of Agricultural Economists in its series 2002 International Congress, August 28-31, 2002, Zaragoza, Spain with number 24872.

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Date of creation: 2002
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Handle: RePEc:ags:eaae02:24872

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Related research
Keywords: biotechnology in agriculture; soybeans; innovation diffusion; oligopsony; genetically modified crop; Consumer/Household Economics;

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  3. Bullock, David S. & Desquilbet, Marion & Nitsi, Elisavet, 2000. "The Economics Of Non-Gmo Segregation And Identity Preservation," 2000 Annual meeting, July 30-August 2, Tampa, FL 21845, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
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  4. Jennifer F. Reinganum, 1981. "Market Structure and the Diffusion of New Technology," Bell Journal of Economics, The RAND Corporation, vol. 12(2), pages 618-624, Autumn. [Downloadable!] (restricted)
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  5. Karp, Larry S. & Perloff, Jeffrey M., 1993. "Open-loop and feedback models of dynamic oligopoly," International Journal of Industrial Organization, Elsevier, vol. 11(3), pages 369-389, September. [Downloadable!] (restricted)
  6. 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. [Downloadable!]
  7. Fershtman, Chaim & Kamien, Morton I, 1987. "Dynamic Duopolistic Competition with Sticky Prices," Econometrica, Econometric Society, vol. 55(5), pages 1151-64, September. [Downloadable!] (restricted)
  8. Ellison, Glenn & Fudenberg, Drew, 1993. "Rules of Thumb for Social Learning," Journal of Political Economy, University of Chicago Press, vol. 101(4), pages 612-43, August. [Downloadable!] (restricted)
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  9. Moschini, Giancarlo & Lapan, Harvey & Sobolevsky, Andrei, 2000. "Roundup Ready Soybeans and Welfare Effects in the Soybean Complex," Staff General Research Papers 1799, Iowa State University, Department of Economics.
  10. Marra, Michele C. & Hubbell, Bryan J. & Carlson, Gerald A., 2001. "Information Quality, Technology Depreciation, And Bt Cotton Adoption In The Southeast," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 26(01), July. [Downloadable!]
  11. Domowitz, Ian & Hubbard, R Glenn & Petersen, Bruce C, 1987. "Oligopoly Supergames: Some Empirical Evidence on Prices and Margins," Journal of Industrial Economics, Blackwell Publishing, vol. 35(4), pages 379-98, June. [Downloadable!] (restricted)
  12. Foster, Andrew D & Rosenzweig, Mark R, 1995. "Learning by Doing and Learning from Others: Human Capital and Technical Change in Agriculture," Journal of Political Economy, University of Chicago Press, vol. 103(6), pages 1176-1209, December. [Downloadable!] (restricted)
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  13. Dixon, Robert J, 1980. "Hybrid Corn Revisited," Econometrica, Econometric Society, vol. 48(6), pages 1451-61, September. [Downloadable!] (restricted)
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This page was last updated on 2009-12-26.

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