The Economic Impacts of Regulatory Delays: The Case of HT Soybeans

Nicholas Kalaitzandonakes (), Kenneth Zahringer () and John Kruse ()
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Nicholas Kalaitzandonakes: University of Missouri
Kenneth Zahringer: University of Missouri
John Kruse: World Agricultural Economic and Environmental Services (WAEES)

A chapter in The Coexistence of Genetically Modified, Organic and Conventional Foods, 2016, pp 221-239 from Springer

Abstract: Abstract Crops developed through biotechnology must undergo regulatory approval to ensure their environmental, food and feed safety before they are commercially introduced in the marketplace. This regulatory process necessarily lengthens the time required to bring such new crops to market. Insofar as this delay is necessary to ensure their safety it is regarded as worthwhile. Efficiency is crucial, though; there are many possible ways that the regulatory review process can be structured.

Keywords: Consumer Surplus; Herbicide Tolerant; Bayer CropScience; Regulatory Delay; Roundup Ready (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:nrmchp:978-1-4939-3727-1_19

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DOI: 10.1007/978-1-4939-3727-1_19

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