Can foods produced with new plant engineering techniques succeed in the marketplace? A case study of apples
Journal article: We present a model for research and development (R&D) investment in food innovations based on new plant engineering techniques (NPETs) and traditional hybridization methods. The framework combines uncertain and costly food innovation with consumers' willingness to pay (WTP) for the new food. The framework is applied with elicited WTP of French and US consumers for new improved apples. NPETs may be socially beneficial under full information and when the probability of success under NPETs is relatively high. Otherwise, the traditional hybridization is socially optimal. A probable collapse of conventional apples raises the social desirability of new apples generated by NPETs and traditional hybridization.
Author(s)
Stéphan Marette, John Beghin, Anne‐célia Disdier, Eliza Mojduszka
Journal
- Applied Economic Perspectives and Policy
Date of publication
- 2023
Keywords JEL
Keywords
- Gene editing
- Industrial organization
- New plant engineering techniques NPETs
Pages
- 414-435
URL of the HAL notice
Version
- 1
Volume
- 45