Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 334061
Title Biodiversity versus transgenic sugar beet: the one euro question
Author(s) Demont, M.; Wesseler, J.H.H.; Tollens, E.
Source European Review of Agricultural Economics 31 (2004)1. - ISSN 0165-1587 - p. 1 - 18.
Department(s) Environmental Economics and Natural Resources
Publication type Refereed Article in a scientific journal
Publication year 2004
Keyword(s) genetically-modified crops - pesticide use - uncertainty - investment - costs - irreversibility - economics - benefits - option - policy
Abstract The decision on whether to release transgenic crops in the EU is subject to irreversibility, uncertainty and flexibility. We analyse the case of herbicide-tolerant sugar beet and assess whether the EU's 1998 de facto moratorium on transgenic crops for sugar beet was correct from a cost-benefit perspective, using a real option approach. We show that the decision was correct, providing households on average value the possible annual irreversible costs of herbicide-tolerant sugar beet at El or more. On the other hand, the total net private reversible benefits forgone if the de facto moratorium is not lifted are around pound169 million per year.
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