Ex-Ante Regulation and Ex-Post Liability under Uncertainty and Irreversibility: Governing the Coexistence of GM Crops

Claudio Soregaroli, Volker Beckmann, Justus Wesseler

Risultato della ricerca: Contributo in rivistaArticolo in rivista

Abstract

Ex-ante regulations and ex-post liabilities for using a new technology will induce additional costs for adopters. The standard model is advanced by including irreversibility and uncertainty and taking into account transaction costs of negotiating possible cost reductions. The case analysed is the coexistence policy for GM crops in the European Union. Results show, the design of the rules and regulations can provide strong incentives for regional agglomeration of GM and non-GM farmers.
Lingua originaleEnglish
pagine (da-a)1-33
Numero di pagine33
RivistaEconomics
Volume4
DOI
Stato di pubblicazionePubblicato - 2010

Keywords

  • Coexistence
  • GMO

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