Genetic Information in Agricultural Productivity and Product Development

John A. Miranowski and Bruce Babcock

American Journal of Agricultural Economics, 2004, vol. 86, issue 1, 73-87

Abstract: Two prominent features of recent changes in agriculture have been the advent of precision breeding techniques and an increase in the level of information netputs in production. This article identifies ways in which these features may complement in expanding the variety of processed products, level of productivity, and rate of change in productivity. Using a martingale concept of information, we identify conditions under which information increases the incentives to invest and engage in product differentiation activities. A theory on how genetic uniformity can enhance the rate of learning through process experimentation, and so the rate of technical change, is developed. Copyright 2004, Oxford University Press.

Date: 2004
References: Add references at CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://hdl.handle.net/10.1111/j.0092-5853.2004.00563.x (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Genetic Information in Agricultural Productivity and Product Development (2004)
Working Paper: Genetic Information in Agricultural Productivity and Product Development (2003)
Working Paper: Genetic Information in Agricultural Productivity and Product Development (2003)
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:oup:ajagec:v:86:y:2004:i:1:p:73-87

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().