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

Camilo Sarmiento

No 21954, 2003 Annual meeting, July 27-30, Montreal, Canada from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: 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.

Keywords: Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 12
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea03:21954

DOI: 10.22004/ag.econ.21954

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