Hennessy, David A.; Babcock, Bruce Alan; Miranowski, John - Center for Agricultural and Rural Development (CARD), … - 2003
been an increase in the level of information inputs and outputs associated with agricultural production. This paper …, and the rate of change in productivity. Using a martingale concept of "more information," we identify conditions under … which more information increases the incentives to invest and engage in product differentiation. A theory on how genetic …