Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/28950 
Year of Publication: 
2009
Series/Report no.: 
Economics Discussion Papers No. 2009-53
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
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: 
cc-by-nc Logo
Document Type: 
Working Paper

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