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

Les aliments produits à l'aide de nouvelles techniques d'ingénierie végétale peuvent-ils réussir sur le marché ? Une étude de cas avec des pommes

Stéphan Marette (), John Beghin, Anne‐célia Disdier () and Eliza Mojduszka
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Anne‐célia Disdier: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement
Eliza Mojduszka: Economic Research Service, USDA - Economic Research Service, USDA

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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.

Keywords: Gene editing; Industrial organization; New plant engineering techniques NPETs (search for similar items in EconPapers)
Date: 2023-03
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Citations: View citations in EconPapers (1)

Published in Applied Economic Perspectives and Policy, 2023, 45 (1), pp.414-435. ⟨10.1002/aepp.13208⟩

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Related works:
Journal Article: 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)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:hal-03454724

DOI: 10.1002/aepp.13208

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