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Valuing Services Emerging from a Gene Bank: The Case of the Greek Gene Bank

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Listed:
  • Anastasios Xepapadeas
  • Eva Kougea
  • Parthenopi Ralli
  • Sofia Spyrou
  • Nicolaos Stavropoulos
  • Vasiliki Tsiaousi
  • Athanasios Tsivelikas

Abstract

We study insurance and productivity values associated with the Greek Gene Bank (GGB), the largest ex-situ conservation program in Greece. To evaluate the insurance value generated by the holdings of the GGB genetic resources, the current study examined scenarios for alternative arrival probabilities of an adverse event that will negatively affect production of seven major staple crops held at the GGB within the next 100 years. Productivity values were approximated through the probability of attaining increased yields by using the Bank�s genetic material. Our estimates suggest insurance and productivity values, which considerably exceed the costs of maintaining the GGB.

Suggested Citation

  • Anastasios Xepapadeas & Eva Kougea & Parthenopi Ralli & Sofia Spyrou & Nicolaos Stavropoulos & Vasiliki Tsiaousi & Athanasios Tsivelikas, 2013. "Valuing Services Emerging from a Gene Bank: The Case of the Greek Gene Bank," DEOS Working Papers 1307, Athens University of Economics and Business.
    • Handle: RePEc:aue:wpaper:1307
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    References listed on IDEAS

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    2. Armineh Zohrabian & Greg Traxler & Steven Caudill & Melinda Smale, 2003. "Valuing Pre-Commercial Genetic Resources: A Maximum Entropy Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(2), pages 429-436.
    3. Wright, Brian D., 1997. "Crop genetic resource policy: the role of ex situ genebanks," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 41(1), pages 1-35.
    4. Hein, Lars & Gatzweiler, Franz, 2006. "The economic value of coffee (Coffea arabica) genetic resources," Ecological Economics, Elsevier, vol. 60(1), pages 176-185, November.
    5. Simpson, R David & Sedjo, Roger A & Reid, John W, 1996. "Valuing Biodiversity for Use in Pharmaceutical Research," Journal of Political Economy, University of Chicago Press, vol. 104(1), pages 163-185, February.
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