Irreversibility, Uncertainty and the Adoption of Transgenic Crops: the Case of BT-Maize in France
This study applies a real option approach to quantify, ex-ante, the maximum incremental social tolerable irreversible costs that would justify immediate adoption of Bt maize in France. Based on field trials, we find that incremental private reversible benefits in the agricultural sector are -18 million euro yearly for maize for animal feed and 1 million euro yearly for maize for human consumption. Incremental social irreversible benefits from reduced insecticide use are negligible. The maximum incremental social tolerable irreversible costs are -28 million euro yearly for maize for animal feed and 0.4 million Euro yearly for maize for human consumption.
|Date of creation:||2005|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.eaae.org|
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- Giancarlo Moschini & Harvey Lapan, 1997.
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- Demont, Matty & Wesseler, Justus & Tollens, Eric, 2003. "Biodiversity versus Transgenic Sugar Beet: The One Euro Question," 2003 Annual Meeting, August 16-22, 2003, Durban, South Africa 25831, International Association of Agricultural Economists.
- Katranidis, Stelios D. & Velentzas, Kostas, 2000. "The Markets of Cotton Seed and Maize in Greece: Welfare Implications of the Common Agricultural Policy," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 1(2), August.
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"Roundup Ready Soybeans and Welfare Effects in the Soybean Complex,"
Staff General Research Papers
1799, Iowa State University, Department of Economics.
- Giancarlo Moschini & Harvey Lapan & Andrei Sobolevsky, 2000. "Roundup ready� soybeans and welfare effects in the soybean complex," Agribusiness, John Wiley & Sons, Ltd., vol. 16(1), pages 33-55.
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