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In this paper the option value of waiting under scientific uncertainty will be derived using the difference between the geometric Brownian motion and the mean reverting process by applying contingent claim analysis. The results will be compared with those generated by either using a geometric...
Persistent link: https://www.econbiz.de/10005118857
yields and limiting yield losses. Advances in biotechnology will help address this need directly with crops that tolerate …
Persistent link: https://www.econbiz.de/10005432542
Biotechnology has had an important impact on the agricultural and food industries over the last twelve years by way of …
Persistent link: https://www.econbiz.de/10005436770
The welfare implications of intellectual property protection (IPP) for private sector agricultural research are analyzed, focusing on the realistic cases where countries provide different IPP levels, technology spills over across countries, and the public sector is involved in research. A model...
Persistent link: https://www.econbiz.de/10005437259
We answer the questions, how many firms acting in the modern German biotechnology industry are funded by venture … biotechnology industry to secure an optimal supply for the current product pipeline.Our empirical results emphasize a crucial …
Persistent link: https://www.econbiz.de/10005561955
. Biotechnology has been seen as offering promises of breakthrough innovations and hence major business potential. These innovations … governments have invested significant resources into creating a strong biotechnology industry base, with special emphasis on … biotechnology in particular. Since drugs constitute the bulk of biotechnological health care applications, and likewise both drug …
Persistent link: https://www.econbiz.de/10011196512
Biotechnology and genetically modified crops has been the subject of debate, especially with respect to developing …
Persistent link: https://www.econbiz.de/10011139208
specializing in biotechnology. A feature of these biotechnology incubators is that they were not confined to established life … an in-depth case study of one of these biotechnology incubators. It provides insights into the contribution of incubators … to the development of the biotechnology sector in the regions outside the ‘golden triangle’ (Mueller et al., 2012 …
Persistent link: https://www.econbiz.de/10011139379
Do transgenic crops cause agrobiodiversity erosion? We hypothesize that they increase productivity and reduce production risk and may therefore reduce farmer demand for on-farm varietal diversity, especially when only a few transgenic varieties are available. We also hypothesize that varietal...
Persistent link: https://www.econbiz.de/10011082869
demand. In this way, the modern biotechnology becomes an important tool by allowing the development of new organisms starting … paradigm incorporating more and more new values. This paper aims to examine the importance of the biotechnology for the …
Persistent link: https://www.econbiz.de/10011082944