publication . Other literature type . Preprint . 2015

HIGH YIELD GENETICALLY MODIFIED WHEAT IN GERMANY: SOCIO ECONOMIC ASSESSMENT OF ITS POTENTIAL

Wree, P.; Sauer, J.; Wree, P.; Sauer, J.;
English
  • Published: 01 Jan 2015
  • Publisher: Unknown
Abstract
High Yield Genetically Modified Wheat (HOSUT) HOSUT lines are an innovation in wheat breeding based on biotechnology with an incremental yield potential of ca. 28% compared to conventional wheat varieties. We apply the real option concept of Maximum Incremental Social Tolerable Irreversible Costs (MISTICs) to do an ex-ante assessment of the socioeconomic potential of HOSUT lines for Germany. We analyze the cost and benefits to farmer and society within two scenarios. Our results of our scenario calculation indicate that not authorizing HOSUT lines is correct if German society values the possible total irreversible costs of this technology to be between €12.04 an...
Subjects
free text keywords: Real option, wheat, yield increasing, uncertainty, irreversibility, social costs, GMO, Agricultural and Food Policy, Land Economics/Use, Risk and Uncertainty,, Agricultural and Food Policy, Land Economics/Use, Risk and Uncertainty, Real option, wheat, yield increasing, uncertainty, irreversibility, social costs, GMO, Production Economics
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