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Genetically Modified Crop Innovations and Product Differentiation: Trade and Welfare Effects in the Soybean Complex
agricultural-and-resource-economicsagricultural-economicsbiotechnologyeconomicsintellectual-property-lawtechnology-and-innovation
We develop a new partial equilibrium, four-region world trade model for the soybean complex comprising soybeans, soybean oil, and soybean meal. In the model, some consumers view genetically modified Roundup Ready (RR) soybeans and products as weakly inferior to conventional ones; the RR seed is p
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