Over the past three decades, the world has witnessed economic growth accompanied by widening of income inequalities. In the face of rising income inequalities, it becomes imperative to ask what happens to the quality of various products provided in the market when economies experience economic...

Recent studies have analyzed the adoption of Bt cotton in the light of government seed price interventions. According to one view, reduction in seed prices enabled the farmers to buy seeds at lower prices and this resulted in the sudden surge in area under Bt cotton. The other view holds that...

The price for official Bt cotton seed in India in 2005 was Rs 1600. Concerns were raised that these prices are excessive because of the monopolistic market structure prevailing in the seed market and may in turn restrict the access to technology for resource poor farmers. The Indian government...

The paper makes two important contributions to the literature studying consumer attitudes towards genetically modified foods. First, it elicits willingness- to- pay for similar food products that differ only in their content of GMOs. Second and more importantly, it examines how probabilistic...