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The Formation of GM-free and GM Coasean clubs

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  • Maarten, J. Punt
  • Wesseler, Justus

Abstract

The unintended presence of traces of genetically modified (GM) crops in the harvests of conventional crops plays a prominent role in the debate over the coexistence of GM and conventional crops. One way to address the issue is the formation of GM-free or GM-only clubs. We model the decisions of individual farmers to cultivate either GM or conventional crops and combine this with a game theoretic model of club formation to investigate the feasibility of clubs. We consider two liability regimes: GM farmers are liable or they are not. We also consider two benchmarks: Nash equilibrium without negotiations and the efficient configuration as well as partial cooperation through Coasean clubs. We find that relatively large clubs can form but they are not always necessary.

Suggested Citation

  • Maarten, J. Punt & Wesseler, Justus, 2015. "The Formation of GM-free and GM Coasean clubs," 2015 Conference, August 9-14, 2015, Milan, Italy 212711, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae15:212711
    DOI: 10.22004/ag.econ.212711
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    Cited by:

    1. Maarten J. Punt & Brooks A. Kaiser, 2021. "Seismic Shifts from Regulations: Spatial Trade-offs in Marine Mammals and the Value of Information from Hydrocarbon Seismic Surveying," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 80(3), pages 553-585, November.
    2. Finn Olesen, 1999. "Monetær integration i EU," Working Papers 2/99, University of Southern Denmark, Department of Sociology, Environmental and Business Economics.
    3. Thomas J. Venus & Koen Dillen & Maarten J. Punt & Justus H. H. Wesseler, 2017. "The Costs of Coexistence Measures for Genetically Modified Maize in Germany," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(2), pages 407-426, June.

    More about this item

    Keywords

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

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