Impact of Biotech Grains on Market Structure and Societal Welfare

Sergio Lence and Dermot Hayes

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: We quantify the economic impact of introducing genetically modified (GM) crops. Short-run results suggest that it might be optimal to maintain the identity of a greater proportion of non-GM grain than is currently demanded by non-GM consumers. Long-run results show that GM crops almost always benefit society, but one scenario is presented where overall welfare falls.

Date: 2002-01-01
New Economics Papers: this item is included in nep-agr
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Published in AgBioForum 2002, vol. 5 no. 3, pp. 85-89

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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:11919

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