@article{Maarten:212711,
      recid = {212711},
      author = {Maarten, J. Punt and Wesseler, Justus},
      title = {The Formation of GM-free and GM Coasean clubs},
      address = {2015},
      number = {1008-2016-80415},
      pages = {49},
      year = {2015},
      abstract = {The unintended presence of traces of genetically modified  (GM) crops in the harvests
of conventional crops plays a  prominent role in the debate over the coexistence of GM
and  conventional crops. One way to address the issue is the  formation of GM-free or
GM-only clubs. We model the  decisions of individual farmers to cultivate either GM
or  conventional crops and combine this with a game theoretic  model of club
formation to investigate the feasibility of  clubs. We consider two liability regimes:
GM farmers are  liable or they are not. We also consider two benchmarks:  Nash
equilibrium without negotiations and the efficient  configuration as well as partial
cooperation through  Coasean clubs. We find that relatively large clubs can form  but
they are not always necessary.},
      url = {http://ageconsearch.umn.edu/record/212711},
      doi = {https://doi.org/10.22004/ag.econ.212711},
}