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Socially Efficient Allocation Of Gm And Non-Gm Crops Under Contamination Risk

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  • Sarmiento, Camilo

Abstract

This paper develops a model of optimal allocation of GM and non-GM crops under contamination risk. The model is used to compare the producer optimal crop allocation at equilibrium to the social efficient crop allocation. From the socially optimum conditions, the paper identifies production environments under which GM crops are more likely to be overplanted.

Suggested Citation

  • Sarmiento, Camilo, 2003. "Socially Efficient Allocation Of Gm And Non-Gm Crops Under Contamination Risk," 2003 Annual meeting, July 27-30, Montreal, Canada 21954, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:21954
    DOI: 10.22004/ag.econ.21954
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    References listed on IDEAS

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    1. Ramanan Laxminarayan & R. Simpson, 2002. "Refuge Strategies for Managing Pest Resistance in Transgenic Agriculture," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 22(4), pages 521-536, August.
    2. Lee Ann Jackson & Michele T. Villinski, 2002. "Reaping What We Sow: Emerging Issues and Policy Implications of Agricultural Biotechnology," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 24(1), pages 3-14.
    3. Lee Ann Jackson & Michele T. Villinski, 2002. "Reaping What We Sow: Emerging Issues and Policy Implications of Agricultural Biotechnology," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 24(1), pages 3-14.
    4. Just, Richard E & Zilberman, David, 1983. "Stochastic Structure, Farm Size and Technology Adoption in Developing Agriculture," Oxford Economic Papers, Oxford University Press, vol. 35(2), pages 307-328, July.
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