The optimal timing of evaluation of genebank accessions and the effects of biotechnology

American Journal of Agricultural Economics

Volumn 82, Issue 4, 2000, Pages 797-811

  Koo, Bonwoo ^a   Wright, Brian D ^b,c  

^a INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE   (United States)

^b UNIVERSITY OF CALIFORNIA   (United States)

^c Giannini Foundation of Agricultural Economics   (United States)

Author keywords

Biotechnology; Disease hazard rate; Genebank management; Optimal timing; Plant breeding; Real option

Indexed keywords

DISEASE RESISTANCE; GENE BANK; GERMPLASM; PLANT BREEDING;

BIOTECHNOLOGY; GENETIC ENGINEERING; GENETIC RESOURCE; TECHNOLOGICAL DEVELOPMENT;

EID: 0033662938     PISSN: 00029092     EISSN: None     Source Type: Journal    
DOI: 10.1111/0002-9092.00082     Document Type: Article

References (27)

1. Arrow, K., and A. Fisher. "Environmental Preservation, Uncertainty, and Irreversibility." Quart. J. Econ. 88(May 1974):312-19.
2. Bar-Ilan, A., and W. Strange. "A Model of Sequential Investment." J. Econ. Dyn. and Com. 22(March 1998):437-63.
3. _"Investment Lags." Amer. Econ. Rev. 86(June 1996):610-22.
4. Brown, A.H. "The Case for Core Collections." The Use of Plant Genetic Resources. A.H. Brown, O. Frankel, D. Marshall, and J. Williams, eds. Cambridge MA: Cambridge University Press, 1989.
5. Chang, T.T. "The Case for Large Collections." The Use of Plant Genetic Resources. A.H. Brown, O. Frankel, D. Marshall, and J. Williams, eds. Cambridge MA: Cambridge University Press, 1989.
6. Dixit, A., and R. Pindyck. Investment under Uncertainty. Princeton: Princeton University Press, 1994.
7. Duvick, D. "Genetic Diversity in Major Farm Crops on the Farm and in Reserve." Econ. Botany 38(1984):161-78.
8. Evenson, R. "Valuing Genetic Resources for Plant Breeding: Hedonic Trait Value, and Breeding Functions Methods." Paper presented at the Econ. of Valuation and Conservation of Genetic Resources for Agr. Rome, Italy. May 1996.
9. Evenson, R., and Y. Kislev. "A Stochastic Model of Applied Research." J. Polit. Econ. 84(April 1976):265-81.
10. Frankel, O. "Principles and Strategies of Evaluation." The Use of Plant Genetic Resources. A.H. Brown, O. Frankel, D. Marshall, and J. Williams, eds. Cambridge MA: Cambridge University Press, 1989.
11. Gollin, D., M. Smale, and B. Skovmand. "The Empirical Economics of Ex Situ Conservation: A Search Theoretic Approach for the Case of Wheat." Paper presented at the Building the Basis for Econ. Analysis of Genetic Resources in Crop Plants. Palo Alto CA: August 1997.
12. Goodman, M. "Genetic and Germplasm Stocks Worth Conserving." J. Heredity 81(1990):11-6.
13. Leonard, K. Personal communication. 1999.
14. Majd, S., and R. Pindyck. "Time to Build, Option Value, and Investment Decisions." J. Finan. Econ. 18(March 1987):7-27.
15. McDonald, R., and D. Siegel. "The Value of Waiting to Invest." Quart. J. Econ. 101 (November 1986):707-27.
16. McIntosh, R., and G. Brown. "Anticipatory Breeding for Resistance to Rust Disease in Wheat." Ann. Rev. Phytopathology 35(1997):311-26.
17. National Research Council. Managing Global Genetic Resources: Agricultural Crop Issues and Policies. Committee on Managing Global Genetic Resources: Agricultural Imperatives. Washington DC: National Academy Press, 1993.
18. Office of Technology Assessment. Technologies to Maintain Biological Diversity. OTA F-330. Washington DC, 1987.
19. Peeters, J., and J. Williams. "Towards Better Use of Genebanks With Special Reference to Information." Plant Genetic Resour. Newsletter. 60(1984):22-32.
20. Peeters, J., and N. Galwey. "Germplasm Collections and Breeding Needs in Europe." Econ. Botany 42(1988):503-21.
21. Rao, R., and K. Riley. "The Use of Biotechnology for Conservation and Utilization of Plant Genetic Resources." Plant Genetic Resour. Newsletter. 97(1994):3-19.
22. Russian Wheat Aphid Task Force. Economic Impact of the Russian Wheat Aphid in the Western United States. Manhattan, KS: Kansas State University, 1991.
23. Skovmand, B. Personal communication. 1999.
24. Simpson, R., and R. Sedjo. "Investments in Biodiversity Prospecting and Incentives for Conservation." Discussion paper 96-14, Resources for the Future, April 1996.
25. Simpson, R., R. Sedjo, and J. Reid. "Valuing Biodiversity for Use in Pharmaceutical Research." J. Polit. Econ. 104(February 1996):163-85.
26. Witt, S.C. Biotechnology and Genetic Diversity. California Agricultural Lands Project. San Francisco CA: 1985.
27. Wright, B. "Crop Genetic Resource Policy: The Role of Ex Situ Genebanks." Australian J. Agr. and Resour. Econ. 41 (March 1997):81-115.