SOCIALLY EFFICIENT ALLOCATION OF GM AND NON-GM CROPS UNDER CONTAMINATION RISK

This paper develops a model of optimal allocation of GM and non-GM crops under contamination risk. The model is used to compare the producer optimal crop allocation at equilibrium to the social efficient crop allocation. From the socially optimum conditions, the paper identifies production environments under which GM crops are more likely to be overplanted.


Issue Date:
2003
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/21954
Total Pages:
12
Series Statement:
Selected Paper




 Record created 2017-04-01, last modified 2017-04-26

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