Biodiversity and Optimal Policies for R&D and the Growth of Genetically Modified Crops
Ulph, Alistair and O'Shea, Lucy (2002) Biodiversity and Optimal Policies for R&D and the Growth of Genetically Modified Crops. Environmental and Resource Economics, 22, (4), 505-520. (doi:10.1023/A:1019843425947).
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In this paper we provide a simple model illustrating the possible nature of government policy with regards to genetic modification, taking into account its impact on the environment. We show that it is necessary not only to intervene in the growing of crops, but also to intervene in R&D through a tax on the adoption of new GM technology.
Without intervention at both levels, both the cultivation of GM crops and the rate of innovation in GM will exceed their socially optimal levels.
|Digital Object Identifier (DOI):||doi:10.1023/A:1019843425947|
|Keywords:||biodiversity, crops, optimal r&d|
|Subjects:||H Social Sciences > H Social Sciences (General)
G Geography. Anthropology. Recreation > GE Environmental Sciences
|Divisions:||University Structure - Pre August 2011 > School of Social Sciences > Economics
|Date Deposited:||16 May 2006|
|Last Modified:||06 Aug 2015 02:31|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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