2016
DOI: 10.22004/ag.econ.284981
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Genetically Modified Herbicide Resistant Rapeseed in Germany: A Socio-Economic Assessment

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“…Developing new bio-based products requires substantive investments from companies, and they have problems with cost-effectiveness (Lange et al, 2021;Mujtaba et al, 2022). Chapter 4 showed that many bioeconomy sectors still have high hurdle rates, making future returns more risky and uncertain (Wree et al, 2016). A higher hurdle rate indicates that companies need to expect higher benefits for an investment in developing a biobased product to be sustainable.…”
Section: Overarching Policy Recommendationsmentioning
confidence: 99%
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“…Developing new bio-based products requires substantive investments from companies, and they have problems with cost-effectiveness (Lange et al, 2021;Mujtaba et al, 2022). Chapter 4 showed that many bioeconomy sectors still have high hurdle rates, making future returns more risky and uncertain (Wree et al, 2016). A higher hurdle rate indicates that companies need to expect higher benefits for an investment in developing a biobased product to be sustainable.…”
Section: Overarching Policy Recommendationsmentioning
confidence: 99%
“…This principle, including uncertainty and irreversibility, can be measured with an indicator called the maximum incremental social tolerable irreversible costs (MISTICs) (Wesseler et al, 2007;Wree et al, 2016). These irreversible costs can be tolerated by introducing new technology or other changes to the bioeconomy.…”
Section: Introductionmentioning
confidence: 99%