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

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

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 important export markets...

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Bibliographic Details
Main Authors: William Hartley Furtan, Richard S. Gray, J.J. Holzman
Format: Article
Language:English
Published: Western Agricultural Economics Association 2005-04-01
Series:Journal of Agricultural and Resource Economics
Subjects:
biotechnology
market externalities
non-cooperative games
strategic approval decisions
trade
Online Access:https://ageconsearch.umn.edu/record/30778

Internet

https://ageconsearch.umn.edu/record/30778

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