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CABI Book Chapter

International trade and policies for genetically modified products.

Book cover for International trade and policies for genetically modified products.

Description

This book addresses international trade and policy issues concerning agricultural biotechnology. The 16 chapters in this volume are edited and revised versions of papers presented at the 8th International Conference of the International Consortium on Agricultural Biotechnology Research, held in Ravello, Italy, on 8-11 July 2004. Part I includes four chapters with an analytical focus. They deal wit...

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Chapter 1 (Page no: 1)

Biotechnology risks and project interdependence.

This chapter looks at the problem of interdependent Bt projects in the framework of the theory or real options. First, it presents the case for the existence of stochastic interdependencies in Bt products (i.e. the interdependent nature of biotechnology risks). Next, it develops a simple model of project selection under dynamic uncertainty, where failure to consider cross-project correlations results in suboptimal investment. Finally, the results and their policy implications are discussed.

Other chapters from this book

Chapter: 2 (Page no: 12) Restricted monopoly R&D pricing: uncertainty, irreversibility and non-market effects. Author(s): Weaver, R. D. Wesseler, J.
Chapter: 3 (Page no: 22) Biotechnology and the emergence of club behaviour in agricultural trade. Author(s): Tothova, M. Oehmke, J. F.
Chapter: 4 (Page no: 34) The labelling of genetically modified products in a global trading environment. Author(s): Scandizzo, S.
Chapter: 5 (Page no: 43) Tree biotechnology: regulation and international trade. Author(s): Sedjo, R. A.
Chapter: 6 (Page no: 50) Commercialized products of biotechnology and trade pattern effects. Author(s): Smyth, S. Kerr, W. A. Davey, K. A.
Chapter: 7 (Page no: 64) The coexistence of GM and non-GM arable crops in the EU: economic and market considerations. Author(s): Brookes, G.
Chapter: 8 (Page no: 79) Research spillovers in the biotech industry: the case of oilseed rape. Author(s): Gray, R. S. Malla, S. Tran, K. C.
Chapter: 9 (Page no: 97) Mergers, acquisitions and flows of agbiotech intellectual property. Author(s): Schimmelpfennig, D. King, J.
Chapter: 10 (Page no: 110) The impact of regulation on the development of new products in the food industry. Author(s): Menrad, K. Blind, K.
Chapter: 11 (Page no: 125) Patents versus plant varietal protection. Author(s): Eaton, D. Tongeren, F. van
Chapter: 12 (Page no: 133) Governing innovative science: challenges facing the commercialization of plant-made pharmaceuticals. Author(s): Smyth, S. Khachatourians, G. G. Phillips, P. W. B.
Chapter: 13 (Page no: 147) Are GURTs needed to remedy intellectual property failures and environmental problems with GM crops? Author(s): Budd, G.
Chapter: 14 (Page no: 162) Economic effects of producing or banning GM crops. Author(s): Wronka, J. Schmitz, P. M.
Chapter: 15 (Page no: 175) Opposition to genetically modified wheat and global food security. Author(s): Haggui, F. Phillips, P. W. B. Gray, R. S.
Chapter: 16 (Page no: 191) International impacts of Bt cotton adoption. Author(s): Frisvold, G. B. Tronstad, R. Reeves, J. M.

Chapter details

  • Author Affiliation
  • The World Bank, 1818 H Street NW, Washington, DC 20433, USA.
  • Year of Publication
  • 2006
  • ISBN
  • 9780851990569
  • Record Number
  • 20063078141