publication . Other literature type . Article . 2006

Producer Surplus Distributions in GM Crops: The Ignored Impacts of Roundup Ready Wheat

Wilson, William W.; Huso, Scott R.; Wilson, William W.; Huso, Scott R.;
English
  • Published: 01 Jan 2006
  • Publisher: Unknown
Abstract
Release of a genetically modified (GM) crop variety would lower prices of competing pesticides used on conventional varieties. This causes an increase in surplus for those farmers who adopt the GM variety, as well as for those who plant the conventional variety. A Cournot model was developed to determine the equilibrium quantities of conventional pesticides. A market with conventional wheat was compared to a market with both conventional and GM wheat varieties to identify price decreases of the conventional pesticide as a result of the GM trait introduction.
Subjects
free text keywords: genetically modified crops, Roundup Ready, wheat, Crop Production/Industries,, Crop Production/Industries, genetically modified crops, Roundup Ready, wheat
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publication . Other literature type . Article . 2006

Producer Surplus Distributions in GM Crops: The Ignored Impacts of Roundup Ready Wheat

Wilson, William W.; Huso, Scott R.; Wilson, William W.; Huso, Scott R.;