How Different Policies Influence Expected Profit Of the Firm Of Biotechnology Industry Under Uncertain Risks: Genetically Modified Food

• Main Authors: Su-bi Chang, 張素璧
• Other Authors: Shan-non Chin
• Format: Others
• Language: zh-TW
• Published: 2007
• Online Access: http://ndltd.ncl.edu.tw/handle/cxw7b8

碩士 === 國立中山大學 === 經濟學研究所 === 95 === This paper uses the optimal control theory to construct dynamic economic model. The primary purpose of this paper is to discuss how different policies alter the choice problem of the firm and influence the allocation of funds to existing and new research and development activities. I analyze how the fixed-cost regulatory standard and the marginal-cost standard let firm consider externality, in order to protect the consumer of asymmetric information and avoid the problem of adverse selection. The firm maximizes expected profit. At the same time I want to know how the consumer acceptance, mark and audit affect the farmer to purchase the quantity of seed and the allocation of funds . We want to discuss how different price influence the option input path, the option quantity path and the option path . I discuss the different between ultimatum and static model. Finally, I discuss dynamic models in this paper to find out whether there exists a long-term and stable steady state. Saddle-point stability exists under certain restrictions.