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

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.

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Year of publication:	1999
Authors:	Alexander, Corinne E. ; Goodhue, Rachael E.
Institutions:	Agricultural and Applied Economics Association - AAEA
Subject:	biotechnology \| corn \| Crop Production/Industries \| Research and Development/Tech Change/Emerging Technologies

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Extent:	application/pdf
Series:	1999 Annual meeting, August 8-11, Nashville, TN.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 1999 Annual meeting, August 8-11, Nashville, TN Number 21646
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005494087