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

Volker Beckmann; Claudio Soregaroli; Justus Wesseler

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. -- Ex-ante regulation ; ex-post liability ; irreversibility ; uncertainty ; Agglomeration

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Year of publication:	2009
Authors:	Beckmann, Volker ; Soregaroli, Claudio ; Wesseler, Justus
Publisher:	[Kiel : Kiel Inst. for the World Economy]
Subject:	Regulierung \| Regulation \| Produkthaftung \| Product liability \| Innovationsdiffusion \| Innovation diffusion \| Putty-Clay-Modell \| Putty-clay model \| Gentechnisch erzeugtes Produkt \| Genetically modified product \| Gentechnik \| Genetic engineering \| Grüne Gentechnik \| GM crop technology \| Regionales Cluster \| Regional cluster \| Theorie \| Theory \| EU-Staaten \| EU countries

Extent:	Online-Ressource (PDF-Datei: 38 S.) graph. Darst.
Series:	Economics : the open-access, open-assessment e-journal. - Kiel : [Verlag nicht ermittelbar], ISSN 1867-8009, ZDB-ID 2324936-5. - Vol. 2009-53
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat Reader
Other identifiers:	hdl:10419/28950 [Handle]
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:	ECONIS - Online Catalogue of the ZBW

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