Optimal trade policy in an uncertain world is examined. Decision-maker attitudes toward uncertainty are represented in terms of the Gilboa-Schmeidler (1989) maximin expected-utility (MMEU) model. The central result is that in a two-country, general-equilibrium setting with both trading partners...

Current debates about genetically modified organisms (GMOs) in agriculture reveal substantial differences in perception of the associated risks and benefits. Genetically modified crop varieties allegedly provide farmers with various agronomic benefits, but serious environmental, health and...

Canada has stringent regulations covering the release of new wheat varieties, but the United States has virtually no regulations in this area. Monsanto Co. developed genetically modified (GM) spring wheat for North America, and made a commitment to the U.S. industry to release this new...

Intro -- List of Tables -- List of Figures -- Preface -- Part I The Issues -- 1 Social Regulatory Barriers -- 2 Agricultural Biotechnology -- Part II Regulatory Development and Integration -- 3 Economic Interests -- 4 Social Interests -- 5 Regulatory Development and Integration -- Part III...