Biodiversity versus transgenic sugar beet: the one euro question

Eric Tollens
Authors registered in the RePEc Author Service: Justus Wesseler

European Review of Agricultural Economics, 2004, vol. 31, issue 1, 1-18

Abstract: The decision on whether to release transgenic crops in the EU is subject to irreversibility, uncertainty and flexibility. We analyse the case of herbicide-tolerant sugar beet and assess whether the EU's 1998 de facto moratorium on transgenic crops for sugar beet was correct from a cost--benefit perspective, using a real option approach. We show that the decision was correct, providing households on average value the possible annual irreversible costs of herbicide-tolerant sugar beet at €1 or more. On the other hand, the total net private reversible benefits forgone if the de facto moratorium is not lifted are around €169 million per year. Copyright 2004, Oxford University Press.

Date: 2004
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Related works:
Working Paper: Biodiversity versus Transgenic Sugar Beet: The One Euro Question (2003)
Working Paper: BIODIVERSITY VERSUS TRANSGENIC SUGAR BEET: THE ONE EURO QUESTION (2002)
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