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

Volker Beckmann, Claudio Soregaroli () and Justus Wesseler

Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2010, vol. 4, No 2010-9, 33 pages

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.

Keywords: Ex-ante regulation; ex-post liability; irreversibility; uncertainty; agglomeration (search for similar items in EconPapers)
JEL-codes: D81 L23 Q12 Q24 R3 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (16)

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http://dx.doi.org/10.5018/economics-ejournal.ja.2010-9
https://www.econstor.eu/bitstream/10419/30071/1/619890258.pdf (application/pdf)

Related works:
Working Paper: Ex-ante regulation and ex-post liability under uncertainty and irreversibility: governing the coexistence of GM crops (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ifweej:20109

DOI: 10.5018/economics-ejournal.ja.2010-9

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