This chapter presents simulation results from a three-region, output price endogenous model of the world cotton market to evaluate the global impacts of Bt cotton adoption in the USA and China in 2001. Bt cotton reduced insecticide use and per pound production costs in both countries. Higher yields ...

This chapter looks at the labelling of genetically modified food products using a model that examines the interaction of national and international economies of scale in world trade. Two cases are considered: no labelling and with labelling. With no labelling, maximum national marketing economies...

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...

This paper looks at the welfare impacts of weak intellectual property rights (IPRs), using a critical case study approach. It uses the empirical setting of Pioneer-Argentina S.A., a seller of bioengineered agricultural seeds, to test the existing theory of weak IPR impacts in the context of a net...

This chapter examines the economic effects of the different policy responses from the EU regarding the introduction of genetically modified (GM) crops in other regions. Some light is shed on the different regulatory systems in Brazil, China, the EU and the USA. This picture is supplemented by some...

This paper draws on three studies that use existing empirical models of the global economy to examine what the effects of some (non-European) countries adopting genetically modified organisms (GMOs) might be without and then with some policy or consumer preference responses. Specifically, the...