TY  - CHAP
AB  - Objective – The current biotechnology revolution has been associated with newly developed genetic modifications (GM) that offer new prospects for increasing agricultural productivity. This has stimulated a rapid adoption of GM corn hybrids by U.S. farmers. Yet, there is concern about the structure of competition among biotech firms that own patents over GM traits. This chapter evaluates the spatial differences in pricing of biotech corn hybrids, with a focus on the fringe versus core regions of the U.S. Corn Belt.Methods – The analysis examines how local conditions and market concentrations affect the pricing of GM corn hybrids in different locations.Results – We find evidence of more extensive subadditive pricing in the fringe region. We also examine how both own- and cross-market concentrations affect prices across regions. For GM hybrids, the results show that market power is generally more prevalent in the core region compared to the fringe.Conclusions – The evidence shows that the pricing of GM corn hybrids varies across space. The observed pricing schemes benefit farmers more in the fringe than in the core region of the Corn Belt.
VL  - 10
SN  - 978-0-85724-758-2, 978-0-85724-757-5/1574-8715
DO  - 10.1108/S1574-8715(2011)0000010011
UR  - https://doi.org/10.1108/S1574-8715(2011)0000010011
AU  - Stiegert Kyle W.
AU  - Shi Guanming
AU  - Chavas Jean-Paul
ED  - Colin A. Carter
ED  - GianCarlo Moschini
ED  - Ian Sheldon
PY  - 2011
Y1  - 2011/01/01
TI  - Chapter 6 Spatial Pricing of Genetically Modified Hybrid Corn Seeds
T2  - Genetically Modified Food and Global Welfare
T3  - Frontiers of Economics and Globalization
PB  - Emerald Group Publishing Limited
SP  - 149
EP  - 171
Y2  - 2024/04/24
ER  -