Regulatory Approval Decisions in the Presence of Market Externalities: The Case of Genetically Modified Wheat

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Furtan, William Hartley; Gray, Richard S.; Holzman, J.J.;
(2005)
  • Subject: biotechnology, market externalities, non cooperative games, strategic approval decisions, trade, Agricultural and Food Policy,

This study examines the optimal approval strategy for genetically modified (GM) wheat varieties in Canada and the United States. Without an affordable segregation system, the introduction of GM wheat will create a market for "lemons" that will result in the loss of impo... View more
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