This paper considers genetically modified (GM) seed adoption decisions by farmers in a developing country under two alternative information regimes (with and without perfect information regarding production conditions) that allows the monopolist producer of GM seeds to either practice perfect discrimination or uniform pricing. Under each regime we analyze two scenarios: when the government can and cannot credibly commit to the announced form of welfare enhancing intervention in the domestic seed market.
Research and analysis of agricultural innovation processes and policies over the last 20 years has made a major contribution to scholarship on and the understanding of the nature of innovation. To an important, but much lesser degree this has also led to re-framing practice at the research-innovation interface. Innovation studies (for want of a better word), like many branches of science, finds that it needs to deliver solutions across the full spectrum of discovery (concepts and theories) to application in both policy and practice domains.