European Sugar Policy Reform and Agricultural Innovation
Koen Dillen; Matty Demont; Eric Tollens
Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie 56(4): 533-553
2008
DOI: 10.1111/j.1744-7976.2008.00146.x
Accession: 022593885
In July 2006, the European Union's (EU) Common Market Organization (CMO) for sugar underwent the first radical reform since its establishment in 1968. In this article, we study the incentives for adoption of new technologies before and after the policy reform. We build a stochastic partial equilibrium model and use it to analyze the effect of the policy reform on the adoption incentives of genetically modified herbicide tolerant sugar beet.