GENETIC INFORMATION IN AGRICULTURAL PRODUCTIVITY AND PRODUCT DEVELOPMENT

David A. Hennessy, John A. Miranowski and Bruce A. Babcock

No 18598, Hebrew University of Jerusalem Archive from Hebrew University of Jerusalem

Abstract: A prominent facet of recent changes in agriculture has been the advent of precision breeding techniques. Another has been an increase in the level of information inputs and outputs associated with agricultural production. This paper identifies ways in which these features may complement in expanding the variety of processed products, the level of productivity, and the rate of change in productivity. Using a martingale concept of "more information," we identify conditions under which more information increases the incentives to invest and engage in product differentiation. A theory on how genetic uniformity can enhance the rate of learning through process experimentation, and so the rate of technical change, is also developed.

Keywords: Productivity; Analysis (search for similar items in EconPapers)
Pages: 32
Date: 2003
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/18598/files/wp030329.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:hebarc:18598

DOI: 10.22004/ag.econ.18598

Access Statistics for this paper

More papers in Hebrew University of Jerusalem Archive from Hebrew University of Jerusalem
Bibliographic data for series maintained by AgEcon Search ().