The paper examines the relationship between the innovator's patenting and patent breadth decisions as well as how these two decisions affect, and are affected by, the innovator's ability to enforce her patent rights. An important feature of the model is that the entrant may be able, by his...

This paper develops a model of heterogeneous consumer preferences to analyze the market and welfare effects of reduced purity standards for non-GM labeled food. Analytical results show that purity standards affect the equilibrium prices and quantities of both the GM and non-GM products as well...

This paper analyzes the market and welfare effects of the introduction of GM products in small open developing economies that, prior to the adoption of GM crops, were net exporters of non-GM products. It explicitly accounts for differences in consumer attitudes towards GM products and producer...