Biodiversity and Optimal Policies for R&D and the Growth of Genetically Modified Crops
Biodiversity and Optimal Policies for R&D and the Growth of Genetically Modified Crops
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.
biodiversity, crops, optimal r&d
505-520
Ulph, Alistair
82a2f3b8-ac72-4d0e-85cc-2760eb99b117
O'Shea, Lucy
b34748b0-f9cd-408f-a0fb-eda818708905
2002
Ulph, Alistair
82a2f3b8-ac72-4d0e-85cc-2760eb99b117
O'Shea, Lucy
b34748b0-f9cd-408f-a0fb-eda818708905
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), .
(doi:10.1023/A:1019843425947).
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.
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Published date: 2002
Keywords:
biodiversity, crops, optimal r&d
Identifiers
Local EPrints ID: 33485
URI: http://eprints.soton.ac.uk/id/eprint/33485
ISSN: 0924-6460
PURE UUID: 12103c2e-6dea-421d-8b19-63fba1e6503b
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Date deposited: 16 May 2006
Last modified: 15 Mar 2024 07:44
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Author:
Alistair Ulph
Author:
Lucy O'Shea
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