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), pp. 505-520. (doi:10.1023/A:1019843425947).

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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
Digital Object Identifier (DOI): doi:10.1023/A:1019843425947
ISSNs: 0924-6460 (print)
Keywords: biodiversity, crops, optimal r&d
Subjects:
ePrint ID: 33485
Date :
Date Event
2002Published
Date Deposited: 16 May 2006
Last Modified: 16 Apr 2017 22:15
Further Information:Google Scholar
URI: http://eprints.soton.ac.uk/id/eprint/33485

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