Ex-Ante regulation and ex-post liability under uncertainty and irreversibility: governing the coexistence of gm crops

V. Beckmann, C. Soregaroli, J.H.H. Wesseler

Research output: Working paperAcademic

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
Original languageEnglish
Place of PublicationBerlin
PublisherEconomics-ejournal
Pages1-39
Volume2009
Publication statusPublished - 2009

Publication series

Name53
PublisherEconomics-ejournal
No.53

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