EconPapers    
Economics at your fingertips  
 

Innovation and Trade with Endogenous Market Failure: The Case of Genetically Modified Products

Harvey Lapan and GianCarlo Moschini

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

Abstract: A partial-equilibrium, two-country model is developed to analyze implications from the introduction of genetically modified (GM) products. In the model, innovators hold proprietary rights, farmers are (competitive) adopters, some consumers deem GM food to be inferior in quality to traditional food, and the mere introduction of GM crops affects the costs of non-GM food (because of costly identity preservation). Among the results derived, it is shown that, although GM innovations have the potential to improve efficiency, some groups can be made worse off. Indeed, it is even possible that the costs induced by GM innovations outweigh the efficiency gains. Key words: biotechnology, food labeling, identity preservation, innovations, intellectual property rights, international trade, nontariff barriers, regulation.

Date: 2004-08-01
New Economics Papers: this item is included in nep-agr
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (52)

Published in American Journal of Agricultural Economics, August 2004, vol. 86 no. 3, pp. 634-648

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Innovation and Trade with Endogenous Market Failure: The Case of Genetically Modified Products (2004) Downloads
Working Paper: Innovation and Trade with Endogenous Market Failure: The Case of Genetically Modified Products (2004) Downloads
Working Paper: Innovation and Trade with Endogenous Market Failure: The Case of Genetically Modified Products (2002) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:2109

Access Statistics for this paper

More papers in Staff General Research Papers Archive from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC.
Bibliographic data for series maintained by Curtis Balmer ().

 
Page updated 2025-03-31
Handle: RePEc:isu:genres:2109