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Economic Effects Of Purity Standards In Biotech Labeling Laws

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  • Giannakas, Konstantinos
  • Kalaitzandonakes, Nicholas G.

Abstract

This paper develops a model of heterogeneous consumer preferences to analyze the market and welfare effects of reduced purity standards for non-GM labeled food. Analytical results show that purity standards affect the equilibrium prices and quantities of both the GM and non-GM products as well as the welfare of the groups involved. A change in purity standards is shown to create winners and losers among the consumers as well as among the suppliers of the GM and conventional products.

Suggested Citation

  • Giannakas, Konstantinos & Kalaitzandonakes, Nicholas G., 2005. "Economic Effects Of Purity Standards In Biotech Labeling Laws," 2005 Annual meeting, July 24-27, Providence, RI 19393, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19393
    DOI: 10.22004/ag.econ.19393
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    Cited by:

    1. Karantininis, Kostas & Hajderllari, Eliona, 2015. "Extracting the Kyoto Rents: Nitrogen Efficient GMO Rice in China," 2015 Conference, August 9-14, 2015, Milan, Italy 211831, International Association of Agricultural Economists.
    2. Hajderllari, Eliona & Karantininis, Kostas, "undated". "Genetically modified foods in vertically differentiated and vertically oligopolistic markets," 2011 International Congress, August 30-September 2, 2011, Zurich, Switzerland 114774, European Association of Agricultural Economists.
    3. Thomas Venus & Nicholas Kalaitzandonakes & Justus Wesseler, 2012. "Ist das Angebot von Nahrungsmitteln "Ohne Gentechnik" wirtschaftlich nachhaltig?," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 81(4), pages 93-110.
    4. Olivier Bonroy & Christos Constantatos, 2015. "On the Economics of Labels: How Their Introduction Affects the Functioning of Markets and the Welfare of All Participants," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 97(1), pages 239-259.
    5. Kalaitzandonakes, Nicholas & Magnier, Alexandre, 2013. "The economics of adventitious presence thresholds in the EU seed market," Food Policy, Elsevier, vol. 43(C), pages 237-247.
    6. Kalaitzandonakes, Nicholas & Lusk, Jayson & Magnier, Alexandre, 2018. "The price of non-genetically modified (non-GM) food," Food Policy, Elsevier, vol. 78(C), pages 38-50.

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