Biotechnology Adoption Over Time In the Presence of Non-Pecuniary Characteristics that Directly Affect Utility: A Derived Demand Approach
July 1, 2008Nicholas 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…