Abstract

The use of Genetically Modified Organisms (GMOs) has sparked a lot of controversy since their introduction in agriculture, predominantly due to concerns regarding health risks, environmental impacts, and ethical considerations. By analyzing existing studies and models, this paper delves into the application of Game Theory in the context of GMOs, elucidating the interactions between different stakeholders. The objective of this paper is to investigate various dimensions surrounding GMOs, including the adoption of GMOs by farmers, consumer behaviors, regulatory policies, and global agriculture. Existing studies have revealed that the global agricultural order has been greatly affected, impacting both adopters and non-adopters of GMOs. Farmers choose to adopt GMO crops due to an increased yield and economic benefits. The rise of new medias has brought misinformation to the public, leading to decreased acceptance of GMOs and thus affecting the market dynamics. Regulatory policies exhibit significant variations between countries, aimed at influencing purchasing decisions and shaping agricultural dynamics.

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