Biodiversity versus transgenic sugar beet : the one Euro question

M. Demont, J. Wesseler, E. Tollens

Research output: Book/ReportReportProfessional

Abstract

The decision whether to release transgenic crops in the EU is one subject to flexibility, uncertainty and irreversibility. The case of herbicide tolerant sugar beet is analysed. Reassessed is whether the 1998 de facto moratorium of the EU on transgenic crops for sugar beet was correct from a cost-benefit perspective using a real option approach. Shown is that the decision was correct, if households value possible annual irreversible costs of herbicide tolerant sugar beet with about 1 euro or more on average.
Original languageEnglish
Place of PublicationLeuven
PublisherDept. of Agric. and Env. Economics
Number of pages40
Publication statusPublished - 2002

Publication series

NameWorking Paper
No.69

Keywords

  • sugarbeet
  • biotechnology
  • social costs
  • uncertainty
  • european union
  • transgenic plants
  • cost benefit analysis

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