Harvey S. James, Jr. and Leonie A. MarksUniversity of Missouri During the late 1990s, negative events related to biotechnology were reported in the UK media. According to the trust asymmetry hypothesis, such events should cause public trust in biotechnology risk managers to…

Richard MilneUniversity College, London Plant-made pharmaceuticals represent the third generation of genetically modified crops as well as a potentially significant development in pharmaceutical and vaccine manufacturing. Successful development is contingent on a number of factors, one of which is social acceptance. This…

Bongsuk Sung and Homin JangKorea Research Institute of Bioscience and Biotechnology Based on survey data, this article investigates the effects of external political-economic forces on firms’ attitudes toward the industrial use of GMOs in the South Korean context by performing an ordered…

William Lin and Francis TuanUSDA Economic Research ServiceYingchun Dai, Funing Zhong, and Xi ChenNanjing Agricultural University This study analyzes whether biotech labeling has an impact on consumers’ purchasing behavior in China using vegetable oils in Nanjing as a case study. An Almost…

Richard K. Perrin and Lilyan E. FulginitiUniversity of Nebraska-Lincoln Crop traits are durable when embedded in varieties, and thus they may be subject to Coase’s conjecture that monopolists who sell durables may be unable to earn normal monopoly rents, or in the…

Nicholas E. Piggott and Michele C. MarraNorth Carolina State University Generally, new production technologies are adopted because they will increase profits, mostly due to lower production costs ceteris paribus. In the case of the first-generation crop biotechnologies, however, additional factors play a…

Steven C. BlankUniversity of California, Davis and Giannini Foundation of Agricultural Economics The source of most innovations coming from the emerging agricultural biotechnology industry is small and medium enterprises (SMEs), yet SMEs have a high failure rate, which raises questions, such as…

James S. McLarenStrathKirn® Inc. The supply of petroleum transportation fuels appears to be increasingly finite, while demand only continues to grow. This disparate situation leaves sole dependence on petroleum as a transportation fuel unattractive for many countries, including the United States. As…

Graham Brookes and Peter BarfootPG Economics Ltd., Dorchester, UK Genetically modified (GM) crops have been grown commercially on a substantial scale for eleven years. This paper updates the assessment of the impact this technology is having on global agriculture from both economic…

Edward MutandwaBindura University of Science Education, Africa Tissue culture has the potential of improving the livelihoods of subsistence farmers that largely rely on vegetatively propagated crops. This study assesses the impact of growing tissue-cultured sweet potatoes on yields and economic profitability among…