PRODUCTION SYSTEMS COMPETITION AND THE PRICING OF INNOVATIONS: AN APPLICATION TO BIOTECHNOLOGY AND SEED CORN Report as inadecuate




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Farmers now choose production systems rather than individual inputs. This change may limit biotechnology innovation rents. We model a corn farmer's production choice among four systems: traditional, herbicide-resistant, insect resistant, and high-oil. We compare actual seed and chemical prices to the maximum rent the biotechnology firm can obtain.

Keywords: biotechnology ; corn

Subject(s): Crop Production/Industries

Research and Development/Tech Change/Emerging Technologies

Issue Date: 1999

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/21646

Total Pages: 14

Series Statement: Selected Paper

Record appears in: American Agricultural Economics Association (AAEA) > 1999 Annual meeting, August 8-11, Nashville, TN





Author: Alexander, Corinne E. ; Goodhue, Rachael E.

Source: http://ageconsearch.umn.edu/record/21646?ln=en







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