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Regulation and Trade of GMOS

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  • Luc, Veyssiere
  • Giannakas, Konstantinos

Abstract

This paper analyzes the strategic effects of national regulatory decisions on labeling of GM products and identifies the determinants of the noncooperative Nash equilibrium labeling regimes in a small number of producing countries that have adopted the GM technology. Analytical results show that the equilibrium labeling regimes depend on (i) the distribution of consumer preferences and the level of consumer aversion to GM products; (ii) the segregation and labeling costs in these countries; (iii) the relative productive efficiency and the cost effectiveness of the GM technology; (iv) the structure of the trading sector; (v) the market power of the life science companies; and (vi) the strength of intellectual property rights in these countries.

Suggested Citation

  • Luc, Veyssiere & Giannakas, Konstantinos, 2005. "Regulation and Trade of GMOS," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24592, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae05:24592
    DOI: 10.22004/ag.econ.24592
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    References listed on IDEAS

    as
    1. Giannakas, Konstantinos & Fulton, Murray, 2002. "Consumption effects of genetic modification: what if consumers are right?," Agricultural Economics, Blackwell, vol. 27(2), pages 97-109, August.
    2. Sheldon Ian, 2004. "Europe's Regulation of Agricultural Biotechnology: Precaution or Trade Distortion?," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 2(2), pages 1-28, May.
    3. Darby, Michael R & Karni, Edi, 1973. "Free Competition and the Optimal Amount of Fraud," Journal of Law and Economics, University of Chicago Press, vol. 16(1), pages 67-88, April.
    4. Murray Fulton & Konstantinos Giannakas, 2004. "Inserting GM Products into the Food Chain: The Market and Welfare Effects of Different Labeling and Regulatory Regimes," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(1), pages 42-60.
    5. Konstantinos Giannakas, 2002. "Infringement of Intellectual Property Rights: Causes and Consequences," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 84(2), pages 482-494.
    6. Jill E. Hobbs & Marni D. Plunkett, 1999. "Genetically Modified Foods: Consumer Issues and the Role of Information Asymmetry," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 47(4), pages 445-455, December.
    7. Mussa, Michael & Rosen, Sherwin, 1978. "Monopoly and product quality," Journal of Economic Theory, Elsevier, vol. 18(2), pages 301-317, August.
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