The Maximum Incremental Social Tolerable Irreversible Costs (MISTICs) and other benefits and costs of introducing transgenic maize in the EU-15

Pedobiologia

Volumn 51, Issue 3, 2007, Pages 261-269

  Wesseler, Justus ^a   Scatasta, Sara ^b   Nillesen, Eleonora ^a  

^a WAGENINGEN UNIVERSITY   (Netherlands)

^b CENTRE FOR EUROPEAN ECONOMIC RESEARCH ZEW   (Germany)

Author keywords

European Union; Irreversibility; MISTICs; Social benefit costs analysis; Transgenic crops; Uncertainty

Indexed keywords

AGRICULTURAL POLICY; COST-BENEFIT ANALYSIS; DECISION MAKING; EUROPEAN UNION; FIELDWORK; MAIZE; TRANSGENIC PLANT; UNCERTAINTY ROLE;

ZEA MAYS;

EID: 34447620833     PISSN: 00314056     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.pedobi.2007.04.004     Document Type: Article

References (42)

1. Andersen M.N., Sausse C., Lacroix B., Caul S., and Messéan A. Agricultural studies of GM maize and the field experimental infrastructure of ECOGEN. Pedobiologia 51 (2007) 175-184
2. Antle J., and Pingali P. Pesticides, productivity and farmers health: a Philippine case study. Am. J. Agric. Econ. 76 (1994) 418-430
3. Banse, M., Grethe, H., Nolte, S., 2004. European Simulation Model (ESIM). In: GAMS: User Handbook. Goettingen.
4. Carpenter J., and Gianessi L. Herbicide tolerant soybeans: why growers are adopting roundup ready varieties. AgBioForum 2 (1999) 1-11
5. Chern W.S., Rickertsen K., Tsuboi N., and Fu T. Consumer acceptance and willingness to pay for genetically modified vegetable oil and salmon: a multiple-country assessment. AgBioForum 5 (2003) 105-112
6. Commission of the European Communities, 1999. 2194th Council meeting - Environment. Press release C/99/203, Luxembourg.
7. Conrad J. Wilderness: options to preserve, extract, or develop. Resour. Energy Econ. 22 (2000) 205-219
8. Demont M., and Tollens E. First impact of biotechnology in the EU: Bt corn adoption in Spain. Ann. Appl. Biol. 145 (2004) 197-207
9. Demont M., Wesseler J., and Tollens E. Biodiversity versus transgenic sugar beet: the one euro question. Eur. Rev. Agric. Econ. 31 (2004) 1-18
10. Demont M., Wesseler J., and Tollens E. Irreversible costs and benefits of transgenic crops: what are they?. In: Wesseler J. (Ed). Environmental Costs and Benefits of Transgenic Crops (2005), Springer, Dordrecht 113-122
11. Dixit A., and Pindyck R.S. Investment Under Uncertainty (1994), Princeton University Press, Princeton
12. Fernandez-Cornejo, J., Klotz-Ingram, C., Jans, S., 2000. Farm-level effects of adopting genetically engineered crops in the USA In: Lesser, W.H. (Ed.), Transitions in Agbiotech: Economics of Strategy and Policy. Proceedings of NE-165 Conference, June 24-25, 1999, Washington, DC. Including papers presented at the International Consortium on Agricultural Biotechnology Research Conference, June 17-19, 1999. Rome Tor Vergata, Italy. Part IV, Regulation and Trade (Chapter 20).
13. Fleischer G. Ökonomische Bewertungskriterien in der Pflanzenschutzpolitik - Das Beispiel der Zulassungsprüfung (1998), Wissenschaftsverlag Vauk, Kiel
14. Frisvold G.B., Sullivan J., and Raneses A. Genetic improvements in major US crops: the size and distribution of benefits. Agric. Econ. 28 (2003) 109-119
15. Fulton M., and Keyowski L. The producer benefits of herbicide-resistant Canola. AgBioForum 2 (1999) 1-11
16. Gianessi L., Sankula S., and Reigner N. Plant Biotechnology: Potential Impact for Improving Pest Management in European Agriculture (2003), The National Center for Food and Agricultural Policy, Washington
17. James, C., 2004. Global Status of Commercialized Biotech/GM Crops 2004. International Service for the Acquisition of Agri-Biotech Applications (ISAAA) Briefs No. 32-2004.
18. Kalaitzandonakes N. A farm level perspective on agrobiotechnology: how much value and for whom?. AgBioForum 2 (1999) 1-4
19. Kendall H.W., Beachy R., Eisner T., Gould F., Herdt R., Raven P.H., Schell J.S., and Swaminathan M.S. Bioengineering of Crops. Environmental and Socially Sustainable Development Studies and Monograph Series 23 (1997), The World Bank, Washington
20. Klotz-Ingram C., Fernandez-Cornejo J., Jans S., and William D.M. Farm-level production effects related to the adoption of genetically modified cotton for pest management. AgBioForum 2 (1999) 73-84
21. Krimsky S., and Wrubel R. Agricultural Biotechnology and the Environment (1996), University of Illinois Press, Champaign
22. Kuiper A., Kleter G., and Noordam M. Risks of the release of transgenic herbicide-resistant plants with respect to humans, animals, and the environment. Crop Prot. 19 (2000) 773-778
23. Leitzel J., and Weisman E. Investing in policy reform. J. Inst. Theor. Econ. 155 (1999) 696-709
24. McDonald R., and Siegel D. The value of waiting to invest. Quart. J. Econ. 101 (1986) 707-728
25. Moschini G., Lapan H., and Sobolevsky A. Roundup ready soybeans and welfare effects in the soybean complex. Agribusiness 16 (2000) 33-55
26. Nillesen, E., Scatasta, S., Wesseler, J., 2006a. Do environmental impacts differ for Bt, Ht and conventional corn with respect to pesticide use in Europe? An empirical assessment using the environmental impact quotient. IOBC/WPRS Bulletin 29, pp. 109-118.
27. Nillesen, E., Scatasta, S., Wesseler, J., 2006b. Estimating social welfare impacts of Bt maize under different adoption scenarios in Europe. Paper presented at the 10th International Consortium on Agricultural Biotechnology Research (ICABR), Ravello, Italy, June 29-July 2. ICABR, Ravello.
28. Peterson R.K.D., Meyer S.J., Wolf A.T., Wolt J.D., and Davis P.M. Genetically engineered plants, endangered species, and risk: a temporal and spatial exposure assessment for Karner blue butterfly larvae and Bt maize pollen. Risk Anal. 26 (2006) 845-858
29. Pray C.E., Ma D., Huang J., and Qiao F. Impact of Bt cotton in China. World Dev. 29 (2001) 813-825
30. Pretty J.N., Brett C., Gee D., Hine R.E., Mason C.F., Morison J.I.L., Raven H., Rayment M.D., and van der Bijl G. An assessment of the total external costs of UK agriculture. Agric. Syst. 65 (2000) 113-136
31. Richards T.J., and Green G.P. Economic hysteresis in variety selection. J. Agric. Appl. Econ. 35 (2003) 1-14
32. Richards T., and Patterson P.M. Hysteresis and the shortage of agricultural labor. Am. J. Agric. Econ. 80 (1998) 683-695
33. Scatasta, S., Wesseler, J., Demont, M., 2006a. A critical assessment of methods for analysis of social welfare impacts of genetically modified crops: a literature survey. Working Paper Mansholt Graduate School MWP-27, Wageningen University, Wageningen.
34. Scatasta S., Wesseler J., and Demont M. Irreversibility, uncertainty, and the adoption of transgenic crops: experiences from applications to HT sugar beet, HT corn, and Bt corn. In: Just R.E., Alston J.M., and Zilberman D. (Eds). Regulating Agricultural Biotechnology: Economics and Policy (2006), Springer, Berlin 327-352
35. Scatasta, S., Wesseler, J., Nillesen, E., 2006c. Real option and the adoption of transgenic crops: an intertemporal perspective. Paper presented at the 10th International Consortium on Agricultural Biotechnology Research (ICABR), Ravello, Italy, June 29-July 2. ICABR, Ravello.
36. Traxler G., and Falck-Zepeda J. The distribution of benefits from the introduction of transgenic cotton varieties. AgBioForum 2 (1999) 94-98
37. Trigeorgis L. Real Options (1996), MIT Press, Cambridge
38. Waibel H., and Fleischer G. Kosten und Nutzen des chemischen Pflanzenschutzes in der deutschen Landwirtschaft aus gesamtwirtschaftlicher Sicht (1998), Wissenschaftsverlag Vauk, Kiel
39. Weaver R.D., and Wesseler J. Monopolistic pricing power for transgenic crops when technology adopters face irreversible benefits and costs. Appl. Econ. Lett. 11 (2004) 969-973
40. Wesseler J. Resistance economics of transgenic crops. A real option approach. In: Laxminarayan R. (Ed). Battling Resistance to Antibiotics. An Economic Approach (2003), Resources for the Future, Washington 214-237
41. In: Wesseler J. (Ed). Environmental Costs and Benefits of Transgenic Crops (2005), Springer, Dordrecht
42. Winter-Nelson A., and Amegbeto K. Option values to conservation and agricultural price policy: application to terrace construction in Kenya. Am. J. Agric. Econ. 80 (1998) 409-418