A Model of Diffusion of Genetically Modified Crop Technology in Concentrated Agricultural Processing Markets - The Case of Soybeans

Denis A. Nadolnyak and Ian Sheldon

No 24872, 2002 International Congress, August 28-31, 2002, Zaragoza, Spain from European Association of Agricultural Economists

Abstract: In the paper, a dynamic model of diffusion of genetically modified crop technology is developed and simulated using the U.S. soybean market data. The model accounts for factors specific to agricultural markets, such as oligopsony power and strategic interaction among crop processors, growers' characteristics such as adoption behavior, and identity preservation requirements. Simulation results show how these factors affect the magnitude and distribution of the potential gains from genetically modified crops.

Keywords: Consumer/Household; Economics (search for similar items in EconPapers)
Pages: 15
Date: 2002
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae02:24872

DOI: 10.22004/ag.econ.24872

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