This document presents the StarLink corn case in four sections. The StarLink corn had been approved by the Environmental Protection Agency (EPA) in 1998 for use only in animal food and other non-alimentary industrial products, due to the potential human allergy reactions. But in September 2000,...

In the United States and most industrialized countries, regulatory policies and decision-making pertaining to food safety, occupational health and environmental protection are science-based. The actual pace and complexity of technological innovation, however, make it increasingly necessary to...

Because of the time value of money (that is, a dollar today can be invested to yield more than a dollar tomorrow), a project's costs and benefits in different periods are not comparable. Therefore, a discount rate that will convert future sums into present values is used in cost-benefit...