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Compliance Costs for Regulatory Approval of New Biotech Crops

Nicholas Kalaitzandonakes, Julian Alston and Kent J. Bradford
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Nicholas Kalaitzandonakes: University of Missouri-Columbia
Kent J. Bradford: University of California

Chapter Chapter 3 in Regulating Agricultural Biotechnology: Economics and Policy, 2006, pp 37-57 from Springer

Abstract: Abstract The regulatory approval process for new biotech crop varieties is said to be unduly slow and expensive, presenting important barriers to the development of new cropping technologies. To date, however, the private and social costs have not been analyzed or measured, let alone compared with alternatives. This chapter reports initial findings from our continuing project on the costs of regulatory compliance for biotech crops. In this chapter we describe and document the regulatory requirements, and we provide estimates of representative compliance costs for key biotechnologies based on confidential data supplied to us by several major biotech companies.

Keywords: biotechnology; regulatory approval; compliance costs; cost estimates (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1007/978-0-387-36953-2_3

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