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...

This article is about the need for more and more nutritious food, the potential genetic engineering technology has to contribute to a solution, the fact that this potential is blocked by regulation, which to my understanding is totally unjustified.

Much of the early scholarship relating to the introduction of genetically engineered plants focused on the potential liability of farmers resulting from the contamination of neighboring fields. A second line of scholarship explored the trade-related implications of commingled export shipments...