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We develop a discrete-choice model of differentiated products for U.S. corn and soybean seed demand to study the … welfare impact of genetically engineered (GE) crop varieties. Using a unique dataset spanning the period 1996-2011, we find … that the welfare impact of the GE innovation is significant. In the last five years of the period analyzed, our preferred …
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Despite a large number of studies that examine the influence of biofuels and biofuel policy on commodity prices, the impact of biofuel policy on commodity price variability is poorly understood. A good understanding of biofuel policy's impact on price variability is important for mitigating food...
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