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Title:Ex-ante regulation and ex-post liability under uncertainty and irreversibility: governing the coexistence of GM crops PDF Logo
Authors:Beckmann, Volker
Soregaroli, Claudio
Wesseler, Justus
Issue Date:2009
Series/Report no.:Economics Discussion Papers 2009-53
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.
Subjects:Ex-ante regulation
ex-post liability
irreversibility
uncertainty
Agglomeration
JEL:D81
L23
Q12
Q24
R3
Creative Commons License:http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type:Working Paper
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers

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