Genetic Diversity and Interdependent Crop Choices in Agriculture
Posted: 5 Feb 2003
The extent of genetic diversity in food crops is important as it affects the risk of attack by pathogens. A drop in diversity increases this risk. Farmers may not take this into account when making crop choices, leading to what from a social perspective is an inadequate level of diversity.
Keywords: Genetic diversity, agriculture, Nash equilibrium, external effect
JEL Classification: Q1, Q2, C72
Suggested Citation: Suggested Citation