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GM corn seed companies have innovated continuously with the introduction of new traits and, more recently, with the creation of stacked varieties, which combine more than one trait. This work develops a Bayesian model of adoption dynamics that demonstrates how uncertainty with a package...
Persistent link: https://www.econbiz.de/10009020298
We used a state contingent approach to give a detailed analysis of the uncertainty surrounding seed trait adoption. Our framework emphasizes the role of timing and information in farmers’ adoption decisions. The inherent embeddedness of seed traits results in timing restrictions and the...
Persistent link: https://www.econbiz.de/10009020632
Genetically modified corn seed companies have recently created stacked varieties which combine more than one trait. This work develops a Bayesian model that demonstrates how uncertainty with a package technology can lead to an adoption pattern in which farmers move from single trait to stacked...
Persistent link: https://www.econbiz.de/10009148307
Genetically modified corn seed companies have innovated continuously with the introduction of new traits and, more recently, with the creation of stacked varieties. This work develops a Bayesian model of adoption that demonstrates how uncertainty with a package technology can lead to a...
Persistent link: https://www.econbiz.de/10010838892
This article proposes a model of technology adoption that integrates demand for individual traits of new technologies with the potential for heterogeneity based on farm and farmer characteristics. The model is applied to recent genetically modified corn adoption data from Minnesota and Wisconsin...
Persistent link: https://www.econbiz.de/10010544583
Persistent link: https://www.econbiz.de/10010638245
Persistent link: https://www.econbiz.de/10010638253
GM corn seed companies have innovated continuously with the introduction of new traits and, more recently, with the creation of stacked varieties, which combine more than one trait. This work develops a Bayesian model of adoption dynamics that demonstrates how uncertainty with a package...
Persistent link: https://www.econbiz.de/10009446163
Persistent link: https://www.econbiz.de/10003831442
Persistent link: https://www.econbiz.de/10009689557