Uncertainty aversion in Australian regulation of agricultural gene technology
There is potential for over-provision of environmental harms and under-provision of environmental benefits associated with GM crops. As a result, strong public regulation is needed to ensure that full social values are considered. However, one reason for opposition to GM crops is a lack of public trust in regulatory institutions and science, and the limited opportunities afforded to public-participation and nonscientific concerns. We aim to demonstrate the trade-off between social cost and managing the risks of gene flow arising from environmental release of GM canola in Australia, using the framework of a probabilistic risk assessment and safety-rule decision mechanism.
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- Batie, Sandra S. & Ervin, David E., 2001. "Transgenic crops and the environment: missing markets and public roles," Environment and Development Economics, Cambridge University Press, vol. 6(04), pages 435-457, October.
- Lichtenberg, Erik & Zilberman, David & Bogen, Kenneth T., 1989. "Regulating environmental health risks under uncertainty: Groundwater contamination in California," Journal of Environmental Economics and Management, Elsevier, vol. 17(1), pages 22-34, July.
- Lichtenberg, Erik & Zilberman, David, 1988. "Efficient Regulation of Environmental Health Risks," The Quarterly Journal of Economics, MIT Press, vol. 103(1), pages 167-78, February.
- Lee Ann Jackson & Michele T. Villinski, 2002. "Reaping What We Sow: Emerging Issues and Policy Implications of Agricultural Biotechnology," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 24(1), pages 3-14.
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