000211920 001__ 211920
000211920 005__ 20180123002349.0
000211920 037__ $$a1008-2016-80386
000211920 041__ $$aen_US
000211920 084__ $$aC72
000211920 084__ $$aD21
000211920 084__ $$aQ10
000211920 245__ $$aInfluence of voluntary GMO-free production standards on the reputation and flexibility of agricultural value chains
000211920 260__ $$c2015
000211920 269__ $$a2015
000211920 300__ $$a18
000211920 336__ $$aConference Paper/ Presentation
000211920 520__ $$aWe analyze dairies’ decisions to invest in voluntary GMO-free certification. Using a real-option model, we find the maximum precautionary investment in a single-firm setting. The model is extended to a non-cooperative game framework where dairies’ decisions are linked by their reputation gains and losses from investing and waiting, respectively. We show two main results: (1) smaller firms are more likely to invest; (2) both small and large firms may be worse off when it is optimal for both firm types to invest.
000211920 542__ $$fLicense granted by Mallory Pagel (pagel107@umn.edu) on 2015-11-06T21:18:03Z (GMT):

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000211920 650__ $$aAgribusiness
000211920 650__ $$aCrop Production/Industries
000211920 650__ $$aLivestock Production/Industries
000211920 6531_ $$aReputation
000211920 6531_ $$aPrivate quality standard value chain
000211920 6531_ $$aReal option
000211920 6531_ $$aGame theory
000211920 700__ $$aVenus, Thomas
000211920 700__ $$aPunt, Maarten
000211920 700__ $$aWesseler, Justus
000211920 773__ $$d2015
000211920 8564_ $$s631787$$uhttp://ageconsearch.umn.edu/record/211920/files/Venus-Influence%20of%20voluntary%20GMO-free%20production%20standards-1267.pdf
000211920 887__ $$ahttp://purl.umn.edu/211920
000211920 909CO $$ooai:ageconsearch.umn.edu:211920$$pGLOBAL_SET
000211920 912__ $$nSubmitted by Mallory Pagel (pagel107@umn.edu) on 2015-11-06T21:27:25Z
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  Previous issue date: 2015
000211920 982__ $$gInternational Association of Agricultural Economists>2015 Conference, August 9-14, 2015, Milan, Italy
000211920 980__ $$a1008