New Foods Produced with Genome-Editing Technique in the Global Marketplace

Authors

Stéphan Marette, Paris Saclay Applied Economics
Anne-Célia Disdier, Paris School of Economics
John C. Beghin, University of Nebraska - LincolnFollow

Date of this Version

9-27-2023

Citation

Cornhusker Economics. agecon.unl.edu/cornhuskereconomics

Comments

Used by permission.

Abstract

This Cornhusker Economics article builds upon a previous Cornhusker Economics article of September 8, 2021, on the heterogenous willingness to pay (WTP) for genome edited (GenEd) apples in France and the US (Beghin, 2022). Using graphical illustration, this new article summarizes in layman's terms two related economic analyses by Marette et al. (2022) and (2023). These analyses investigate Research and Development (R&D) investment in food innovations based on New Plant Engineering Techniques (NPETs), such as GenEd and traditional hybridization methods, and then in the context of international trade. With trade, innovators compete globally with their food novelties in each other’s markets and in the rest of the world. Regulators in different countries may regulate these innovations and their use differently, affecting the scale of production and size of markets, hence the expected profitability of these innovations.