Risk and the value of Bt corn
Risk and the value of Bt corn
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DOI:
10.1111/j.0092-5853.2004.00583.x
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发表时间:
2004-05-01
影响因子:
4.2
通讯作者:
Rice, ME
中科院分区:
文献类型:
--
作者:
Hurley, TM;Mitchell, PD;Rice, ME
A conceptual model is developed to evaluate the effect of Bt corn on risk. Results highlight the importance of distinguishing between marginal and aggregate risk effects and demonstrate that the effect of Bt corn on risk depends crucially on the price paid for the technology. Empirical results show that, depending on the price, Bt corn can be marginally risk increasing or decreasing and can either increase or decrease corn acreage. Also, depending on the price, Bt corn can provide a risk benefit to farmers, even when Bt corn is risk increasing.