Title	The economics of agricultural biotechnology: Historical and analytical framework
Authors	Demont M Tollens E
Year	1999
DOI/WEB/URL	http://purl.umn.edu/31845
Link to Full-text	http://www.agr.kuleuven.ac.be/aee/clo/wp/demont1999b.pdf
Keywords	Agbiotech Agricultural biotechnology Crop biotech Developed countries Genetically modified crops GM crops Industrialized countries Review findings
Citation	Demont, M., and E. Tollens. 1999. The economics of agricultural biotechnology: Historical and analytical framework. Working Paper 53. Leuven, Belgium: Department of Agricultural and Environmental Economics, Katholieke Universiteit Leuven.
Abstract	In this working paper we attempt to establish a general analytical framework for the calculation of the micro- and macroeconomic benefits and costs of biotechnology applications in EU agriculture. Since these innovative applications are typically protected by intellectual property rights, standard welfare analyses will overestimate total benefits generated by these innovations. On the other hand, this doesn't mean that innovators are extracting all of the benefits. A recent ex-post welfare analysis on US Bt-cotton shows that farmers have captured the largest share of benefits (Falck- Zepeda, Traxler and Nelson, 1999). Due to the importance of intellectual property rights and the consolidation of the agr icultural input industry, the framework presented by Moschini and Lapan (1997) seems to be the most adequate model as it takes into account these elements.
Pub Place	Leuven, Belgium
Publisher	Department of Agricultural and Environmental Economics, Katholieke Universiteit Leuven

The economics of agricultural biotechnology: Historical and analytical framework

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