Introducing Genetically Modified Plants: Now or Later - An Option Value Approach

Eirik Romstad, Live Brimi and Urda Ljorerud

No 24655, 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark from European Association of Agricultural Economists

Abstract: Using market data, we have estimated the quasi option value of delaying to grow genetically modified corn and soybeans in Europe. We find that the current quasi option value of growing genetically modified soybeans and corn in Europe is high. This makes it likely that for the time being the information value of waiting exceeds the market gains of growing genetically modified plants in Europe.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Pages: 8
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae05:24655

DOI: 10.22004/ag.econ.24655

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