Taing, William; Ahmadi-Esfahani, Fredoun Z. - Australian Agricultural and Resource Economics Society … - 2009
In this paper, we use a simulation model to measure the potential market and welfare effects of recently introduced … commanding a premium. In the long run, GM technology appears to enhance aggregate welfare. However, when production cost savings … are trivial and consumers become highly concerned about GM food products, aggregate welfare may decline. The policy …