Risk and the value of Bt corn

被引：24

作者：

Hurley, TM ^{[1
]}

Mitchell, PD

Rice, ME

机构：

[1] Univ Minnesota, Dept Appl Econ, Minneapolis, MN 55455 USA

[2] Texas A&M Univ, Dept Agr Econ, College Stn, TX 77843 USA

[3] Iowa State Univ, Dept Entomol, Ames, IA 50011 USA

来源：

AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS | 2004年 / 86卷 / 02期

关键词：

endogenous risk; European corn borer; hierarchical model; risk premium;

D O I：

10.1111/j.0092-5853.2004.00583.x

中图分类号：

F3 [农业经济];

学科分类号：

0202 ; 020205 ; 1203 ;

摘要：

A conceptual model is developed to evaluate the effect of Bt corn on risk. Results highlight the importance of distinguishing between marginal and aggregate risk effects and demonstrate that the effect of Bt corn on risk depends crucially on the price paid for the technology. Empirical results show that, depending on the price, Bt corn can be marginally risk increasing or decreasing and can either increase or decrease corn acreage. Also, depending on the price, Bt corn can provide a risk benefit to farmers, even when Bt corn is risk increasing.

引用

页码：345 / 358

页数：14

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