Planting Decisions and Uncertain Consumer Acceptance of Genetically Modified Crop Varieties
研究消费者对转基因食品态度不确定时，农民如何决定种植转基因或非转基因品种，以及这种不确定性如何影响收获后的价格差异和种植者偏好的信号类型。
Abstract There exists much uncertainty about consumer attitudes toward genetically modified foods. If it happens that sufficient (insufficient) acres are planted under nonmodified seed to meet postharvest demand, then a price premium will not (will) emerge for the nonmodified varieties. A nonlinearity originates in the fact that a price premium may not be supported. This nonlinearity interacts with demand uncertainty to determine equilibrium plantings and the probability that postharvest varietal prices differ. Also, as planting approaches signals will be broadcast about the nature of postharvest demand. We show how the nonlinearity affects the types of signals that growers will prefer to receive.