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

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.

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Year of publication:	2010
Authors:	Beckmann, Volker ; Soregaroli, Claudio ; Wesseler, Justus
Published in:	Economics: The Open-Access, Open-Assessment E-Journal. - Kiel : Kiel Institute for the World Economy (IfW), ISSN 1864-6042. - Vol. 4.2010, 2010-9, p. 1-33
Publisher:	Kiel : Kiel Institute for the World Economy (IfW)
Subject:	Regulierung \| Produkthaftung \| Innovationsdiffusion \| Irreversibility of Investment \| Novel Food \| Gentechnik \| Agrarbiotechnologie \| Regionale Konzentration \| Theorie \| EU-Staaten \| Ex-ante regulation \| ex-post liability \| irreversibility \| uncertainty \| agglomeration

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.5018/economics-ejournal.ja.2010-9 [DOI] 619890258 [GVK] hdl:10419/30071 [Handle] RePEc:zbw:ifweej:20109 [RePEc]
Classification:	D81 - Criteria for Decision-Making under Risk and Uncertainty ; L23 - Organization of Production ; Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets ; Q24 - Land ; R3 - Real Estate Markets, Spatial Production Analysis, and Firm Location
Source:	EconStor

Persistent link: https://www.econbiz.de/10010299956