Ex post evidence on adoption of transgenic crops: US soybeans

Abstract

Transgenic crops offer a complex new technology that is not universally dominant over alternatives. Instead, adoption decisions are conditional on incentives associated with alternative technologies and local conditions. These characteristics imply that transgenic crops can be expected to be adopted on a wide scale in existing cultural areas, if incentives are appropriate. Further, considerable potential exists for transgenic crops to be adopted in new areas where they offer advantages over alternative crops such as weed control and other management practices