Estimating the Demand for a New Technology: Bt Cotton and Insecticide Policies. Hubbell, B., J., Marra, M., C., & Carlson, G., A. American Journal of Agricultural Economics, 82(1):118, Blackwell Publishing Limited, 2000.
abstract   bibtex   
This article examines the potential demand for Bt cotton in the Southeast from information gathered in the first year of commercialization. We combine revealed preference (RP) data on adoption of Bt cotton varieties with stated preference (SP) data on willingness to adopt to estimate demand using a double-bounded maximum likelihood procedure. Using estimated demand equations, we simulate thc costs of reducing conventional insecticide applications through subsidization of Bt cotton. Results indicate that reducing cotton insecticide applications by 40% in the Southeast would require a $21/acre subsidy, with total annual program costs between $53 million and $60 million. [ABSTRACT FROM AUTHOR] Copyright of American Journal of Agricultural Economics is the property of Blackwell Publishing Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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 title = {Estimating the Demand for a New Technology: Bt Cotton and Insecticide Policies},
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 keywords = {BACILLUS thuringiensis,COTTON,MARKETING},
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 abstract = {This article examines the potential demand for Bt cotton in the Southeast from information gathered in the first year of commercialization. We combine revealed preference (RP) data on adoption of Bt cotton varieties with stated preference (SP) data on willingness to adopt to estimate demand using a double-bounded maximum likelihood procedure. Using estimated demand equations, we simulate thc costs of reducing conventional insecticide applications through subsidization of Bt cotton. Results indicate that reducing cotton insecticide applications by 40% in the Southeast would require a $21/acre subsidy, with total annual program costs between $53 million and $60 million. [ABSTRACT FROM AUTHOR] Copyright of American Journal of Agricultural Economics is the property of Blackwell Publishing Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)},
 bibtype = {article},
 author = {Hubbell, Bryan J and Marra, Michele C and Carlson, Gerald A},
 journal = {American Journal of Agricultural Economics},
 number = {1}
}

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