Inserting GM Products into the Food Chain: The Market and Welfare Effects of Different Labeling and Regulatory Regimes
By M. Fulton, K. Giannakas. American Journal of Agricultural Economics, 2004
198 citations recorded by the source corpus.
The purpose of this article is to examine the system‐wide effects of the introduction of genetically modified (GM) products with and without labeling and to compare these two regimes to a third regime where GM products are not present either because they have not yet been developed or because they have been banned. For each regime, the decisions and welfare of consumers, producers, and life science companies are examined. The article explicitly incorporates the consumer response to the introduction of GM technology and considers different market structures of the life science sector.
Subfields: Plant Science, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/717941e4229e9ba278a0e686dccaf9d1fde8b67e
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In Plant Science
In Strategy and Management
Citations in the corpus
- On the Economics of Labels: How Their Introduction Affects the Functioning of Markets and the Welfare of All Participants (2015, background): “Consider again a final product, the quality of which depends on the quality of an essential input, and assume, as in Fulton and Giannakas (2004), that the suppliers of the low-quality input have market power [like Genetically Modified (GM) input suppliers], while the high-quality input is provided…”
- On the use of labels in credence goods markets (2008, background): “5 For moral hazard in credence goods markets see Marette et al. (2000), Fulton and Giannakas (2004), Lapan and Moschini (2007), Roe and Sheldon (2007) and Garella and Petrakis (2008).”
- Consumer Benefits of Labels and Bans on GM Foods—Choice Experiments with Swedish Consumers (2007, unknown): “Note that we do not question the underlying models and motivations for a ban as presented in, for example, Hamilton, Sunding and Zilberman (2003) and Fulton and Giannakas (2004) .”