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Monopolization and the regulation of genetically modified crops: an economic model

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  • Munro, Alistair

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.

Suggested Citation

  • Munro, Alistair, 2003. "Monopolization and the regulation of genetically modified crops: an economic model," Environment and Development Economics, Cambridge University Press, vol. 8(1), pages 167-186, February.
    • Handle: RePEc:cup:endeec:v:8:y:2003:i:01:p:167-186_00
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    Citations

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    Cited by:

    1. Toolsema, L., 2005. "Competition with mandatory labeling of genetically modified products," Research Report 05F12, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    2. Linda A. Toolsema, 2008. "Competition with Mandatory Labeling of Genetically Modified Products," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 164(3), pages 429-448, September.
    3. repec:dgr:rugsom:05f12 is not listed on IDEAS
    4. Toolsema, Linda, 2005. "Competition with mandatory labeling of genetically modified products," Research Report 05C12, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    5. repec:dgr:rugsom:05c12 is not listed on IDEAS
    6. Bialek, Sylwia, 2016. "Introducing Cattle Producer to the Hardin s World- Can Monopolies in Seed Markets Be Welfare Enhancing?," VfS Annual Conference 2016 (Augsburg): Demographic Change 145786, Verein für Socialpolitik / German Economic Association.
    7. Munro, Alistair, 2008. "The spatial impact of genetically modified crops," Ecological Economics, Elsevier, vol. 67(4), pages 658-666, November.

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