IDEAS home Printed from https://ideas.repec.org/p/ags/midasp/11683.html
   My bibliography  Save this paper

The Role Of Scientific And Business Integrity In The Future Of Biotechnology: A Scenario Analysis

Author

Listed:
  • Peterson, H. Christopher
  • Weatherspoon, Dave D.

Abstract

The emergence of biotechnology in crop and livestock applications has been an issue of great controversy. Proponents argue that the potential benefits are dramatic while opponents have raised many concerns about the technology's risks. The Starlink debacle is a prime example of the undesirable outcomes which the debate has created. Given the controversy, what is the future of biotechnology for food uses? This paper is designed to address this question with a focus on the feasible range of alternative futures (scenarios) that could emerge. As a major variable in this analysis, the integrity of the scientific and business communities plays a critically important role. The paper begins with a description of three key uncertainties-food security, environmental/health impacts, and consumer reaction-that will define the future for biotechnology's use in food applications. Based on these uncertainties, four alternative future scenarios for biotechnology are presented. The role of messenger integrity is then introduced. The integrity of various possible messengers (scientists, businesses, government, and non-profits) is examined. The concept of integrity is then used to address a series of current biotechnology issues. Throughout the paper, comparisons and contrasts between the developed and developing world are made.

Suggested Citation

  • Peterson, H. Christopher & Weatherspoon, Dave D., 2001. "The Role Of Scientific And Business Integrity In The Future Of Biotechnology: A Scenario Analysis," Staff Paper Series 11683, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:11683
    DOI: 10.22004/ag.econ.11683
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/11683/files/sp01-17.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.11683?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Neven, David & Peterson, H. Christopher & Weatherspoon, Dave D., 2001. "Economic And Social Consequences Of Biotechnology: A Scenario Analysis," Staff Paper Series 11498, Michigan State University, Department of Agricultural, Food, and Resource Economics.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Machiel Dijk & Richard Nahuis & Daniel Waagmeester, 2006. "Does Public Service Broadcasting Serve The Public? The Future of Television in the Changing Media Landscape," De Economist, Springer, vol. 154(2), pages 251-276, June.
    2. Mark A. Geistfeld, 2009. "Products Liability," Chapters, in: Michael Faure (ed.), Tort Law and Economics, chapter 11, Edward Elgar Publishing.
    3. Chu-Shiu Li, 2005. "Risk Signaling in the Health Insurance Market," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 4(1), pages 45-52, April.
    4. Mason, Susan G. & Holley, Don & Wells, Aaron & Jain, Amit & Wuerzer, Thomas & Joshi, Alark, 2016. "An experiment-based methodology to understand the dynamics of group decision making," Socio-Economic Planning Sciences, Elsevier, vol. 56(C), pages 14-26.
    5. Adriani, Fabrizio & Deidda, Luca G., 2011. "Competition and the signaling role of prices," International Journal of Industrial Organization, Elsevier, vol. 29(4), pages 412-425, July.
    6. Chiraz FEKI, 2016. "Information asymmetry and technical efficiency: Case of a panel of Tunisian insurance companies," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(4(609), W), pages 299-314, Winter.
    7. Marc Correa & Lucinio González-Sabaté & Ignacio Serrano, 2013. "Home bias effect in the management literature," Scientometrics, Springer;Akadémiai Kiadó, vol. 95(1), pages 417-433, April.
    8. Assaf Razin & Efraim Sadka & Chi-Wa Yuen, 1999. "An Information-Based Model of Foreign Direct Investment: The Gains from Trade Revisited," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 6(4), pages 579-596, November.
    9. Boyer, Tristan, 2002. "Gouvernement d'entreprise et décisions d'emploi [Corporate Governance and employment decisions]," MPRA Paper 10287, University Library of Munich, Germany.
    10. Tisdell, Clem, 2014. "Information Technology's Impacts on Productivity, Welfare and Social Change: Second Version," Economic Theory, Applications and Issues Working Papers 195701, University of Queensland, School of Economics.
    11. Michael R. CARTER & Alain de JANVRY & Elisabeth SADOULET & Alexandros SARRIS, 2014. "Index-based weather insurance for developing countries: A review of evidence and a set of propositions for up-scaling," Working Papers P111, FERDI.
    12. Piotr Bialowolski & Dorota Weziak-Bialowolska, 2021. "What Does It Take to Be a Good Lawyer? The Underpinnings of Success in a Rapidly Growing Legal Market," Sustainability, MDPI, vol. 13(11), pages 1-15, May.
    13. Saba Iqbal & Safia Nosheen, 2023. "Moderating impact of non-performing loans on the relationship between sustainable development goals and the financial performance of banks," Future Business Journal, Springer, vol. 9(1), pages 1-12, December.
    14. Kirk, Marcus, 2011. "Research for sale: Determinants and consequences of paid-for analyst research," Journal of Financial Economics, Elsevier, vol. 100(1), pages 182-200, April.
    15. Puelz, Robert & Snow, Arthur, 1994. "Evidence on Adverse Selection: Equilibrium Signaling and Cross-Subsidization in the Insurance Market," Journal of Political Economy, University of Chicago Press, vol. 102(2), pages 236-257, April.
    16. Bokusheva, Raushan, 2004. "Crop insurance in transition: A qualitative and quantitative assessment of insurance products (Preliminary results)," IAMO Discussion Papers 14869, Institute of Agricultural Development in Transition Economies (IAMO).
    17. Sevcan Yesiltas, 2009. "Financing Constraints and Investment: The Case of Turkish Manufacturing Firms," 2009 Meeting Papers 874, Society for Economic Dynamics.
    18. Konduru, Srinivasa & Kalaitzandonakes, Nicholas G. & Magnier, Alexandre, 2009. "GMO Testing Strategies and Implications for Trade: A Game Theoretic Approach," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49594, Agricultural and Applied Economics Association.
    19. Keith Krehbiel, 2004. "Legislative Organization," Journal of Economic Perspectives, American Economic Association, vol. 18(1), pages 113-128, Winter.
    20. Jonathan Wareham & Paul B. Fox & Josep Lluís Cano Giner, 2014. "Technology Ecosystem Governance," Organization Science, INFORMS, vol. 25(4), pages 1195-1215, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:midasp:11683. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/damsuus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.