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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Original Publication URL: http://dx.doi.org/10.1023/A:1019843425947

Description/Abstract

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.

Item Type: Article
ISSNs: 0924-6460 (print)
Related URLs:
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
ePrint ID: 33485
Date Deposited: 16 May 2006
Last Modified: 27 Mar 2014 18:20
URI: http://eprints.soton.ac.uk/id/eprint/33485

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