Economic Effects of Purity Standards in Biotech Labeling Laws

Economic Effects of Purity Standards in Biotech Labeling Laws This paper develops a model of heterogeneous consumer preferences and imperfectly competitive suppliers to analyze the market and welfare effects of purity standards for non-GM food products. Analytical results show that purity standards affect the equilibrium prices and quantities of both the GM and non-GM products as well as the welfare of the groups involved. A change in purity standards is shown to create winners and losers among the consumers and the suppliers of the GM and non-GM products. Our analysis provides insights on labeling policies and the position of interest groups in countries with different adoption of, and attitudes towards genetically modified products. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Agricultural & Food Industrial Organization de Gruyter

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Publisher
de Gruyter
Copyright
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
ISSN
1542-0485
eISSN
1542-0485
DOI
10.2202/1542-0485.1319
Publisher site
See Article on Publisher Site

Abstract

This paper develops a model of heterogeneous consumer preferences and imperfectly competitive suppliers to analyze the market and welfare effects of purity standards for non-GM food products. Analytical results show that purity standards affect the equilibrium prices and quantities of both the GM and non-GM products as well as the welfare of the groups involved. A change in purity standards is shown to create winners and losers among the consumers and the suppliers of the GM and non-GM products. Our analysis provides insights on labeling policies and the position of interest groups in countries with different adoption of, and attitudes towards genetically modified products.

Journal

Journal of Agricultural & Food Industrial Organizationde Gruyter

Published: Apr 18, 2011

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