The International Consortium on Agricultural Biotechnology Research held its 13th annual conference in Ravello, Italy in June 2009. The theme of the conference was the bioeconomy,and this topic was addressed through research presentations from academia, government, and industry. Numerous...

This study develops a model of social supply, based on the hypothesis that society desires that efficient producers remain in business even if their enterprise is too small to withstand the losses caused by extreme price declines. The analysis shows that this concept can be linked to the desire...

The paper aims at modeling adoption and diffusion decisions of farmers towards genetically modified crops under a real option framework. Modern GM crops help farmers to resolve two main sources of uncertainty: output uncertainty and input uncertainty. Those crops represent a revolutionary form...

This paper presents a somewhat novel approach to explore the economic contribution of ecosystems. It develops linked models to capture connections between resource stocks and flows and the resulting micro and macroeconomic impacts. A bioeconomic model is developed that is imbedded into a...