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Dynamic Pricing Of Genetically Modified Crop Traits

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  • Perrin, Richard K.
  • Fulginiti, Lilyan E.

Abstract

This paper considers the time path of prices for crop traits such as herbicide resistance, specifically whether they conform to Coase's conjecture that monopoly prices can't be sustained on durables. While property rights determine whether such traits are durables, prices for RR soybeans and Bt corn are consistent with Coase.

Suggested Citation

  • Perrin, Richard K. & Fulginiti, Lilyan E., 2002. "Dynamic Pricing Of Genetically Modified Crop Traits," 2002 Annual meeting, July 28-31, Long Beach, CA 19656, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea02:19656
    DOI: 10.22004/ag.econ.19656
    as

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    File URL: https://ageconsearch.umn.edu/record/19656/files/sp02pe03.pdf
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    References listed on IDEAS

    as
    1. Diwan, Ishac & Rodrik, Dani, 1991. "Patents, appropriate technology, and North-South trade," Journal of International Economics, Elsevier, vol. 30(1-2), pages 27-47, February.
    2. repec:bla:econom:v:59:y:1992:i:233:p:35-51 is not listed on IDEAS
    3. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, December.
    4. Perrin, Richard K., 1999. "Intellectual property rights and developing country agriculture," Agricultural Economics, Blackwell, vol. 21(3), pages 221-229, December.
    5. Coase, Ronald H, 1972. "Durability and Monopoly," Journal of Law and Economics, University of Chicago Press, vol. 15(1), pages 143-149, April.
    6. Joel Sobel & Ichiro Takahashi, 1983. "A Multistage Model of Bargaining," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 50(3), pages 411-426.
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    Cited by:

    1. Stefan Ambec & Corinne Langinier & Stéphane Lemarié, 2008. "Incentives to Reduce Crop Trait Durability," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(2), pages 379-391.

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    Keywords

    Crop Production/Industries;

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