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Abstract
Stochastic Efficiency with Respect to a Function (SERF) is used to rank transgenic cotton
technology groups and place an upper and lower bound on their value. Yield and
production data from replicated plot experiments are used to build cumulative distribution
functions of returns for nontransgenic, Roundup Ready, Bollgard, and stacked gene cotton
cultivars. Analysis of Arkansas data indicated that the stacked gene and Roundup Ready
technologies would be preferred by a large number of risk neutral and risk averse producers
as long as the costs of the technology and seed are below the lower bounds calculated in this
manuscript.