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...

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...

Genetically Modified Organism (GMO) in agriculture is a subject matter of great concern nowadays because it is believed that it has severe ramifications if not dealt with vigilantly. Herein, the role of judiciary is very important along with the legislative policy, regulatory framework and its...