Can foods produced with new plant engineering techniques succeed in the marketplace? A case study of apples

Stéphan Marette, John Beghin, Anne‐Célia Disdier and Eliza Mojduszka

Applied Economic Perspectives and Policy, 2023, vol. 45, issue 1, 414-435

Abstract: We present a model for research and development (R&D) investment in food innovations based on new plant engineering techniques (NPETs) and traditional hybridization methods. The framework combines uncertain and costly food innovation with consumers' willingness to pay (WTP) for the new food. The framework is applied with elicited WTP of French and US consumers for new improved apples. NPETs may be socially beneficial under full information and when the probability of success under NPETs is relatively high. Otherwise, the traditional hybridization is socially optimal. A probable collapse of conventional apples raises the social desirability of new apples generated by NPETs and traditional hybridization.

Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1002/aepp.13208

Related works:
Working Paper: Can foods produced with new plant engineering techniques succeed in the marketplace? A case study of apples (2023)
Working Paper: Can foods produced with new plant engineering techniques succeed in the marketplace? A case study of apples (2023)
Working Paper: Can foods produced with new plant engineering techniques succeed in the marketplace? A case study of apples (2023)
Working Paper: Can foods produced with new plant engineering techniques succeed in the marketplace? A case study of apples (2023)
Working Paper: Can foods produced ith new plant engineering techniques succeed in the marketplace? A case study of apples (2021)
Working Paper: Can foods produced with new plant engineering techniques succeed in the marketplace? A case study of apples (2021)
Working Paper: Can foods produced with new plant engineering techniques succeed in the marketplace? A case study of apples (2021)
Working Paper: Can Food Produced with New Plant Engineering Techniques Succeed in the Marketplace? A Case Study of Apples (2021)
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:wly:apecpp:v:45:y:2023:i:1:p:414-435

Access Statistics for this article

More articles in Applied Economic Perspectives and Policy from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().