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Ebooks on agriculture and the applied life sciences from CAB International
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This chapter addresses the economics of information as it affects the acceptance of and benefits from agricultural biotechnology. It shows that verifiable information plays a central role in socially good decision making by producers and consumers of genetically modified products, and that an...
This paper examines the potential welfare effects of imposing a mandatory GM-labelling policy in the USA. The instance when mandatory labelling policy is likely to benefit consumers is discussed. Then, an experimental auction designed to provide data that are needed to test whether consumers will...