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There is potential for over-provision of environmental harms and under-provision of environmentalbenefits associated with GM crops. As a result, strong public regulation is needed to ensure that full socialvalues are considered. However, one reason for opposition to GM crops is a lack of public trust inregulatory institutions and science, and the limited opportunities afforded to public-participation and nonscientificconcerns. We aim to demonstrate the trade-off between social cost and managing the risks ofgene flow arising from environmental release of GM canola in Australia, using the framework of aprobabilistic risk assessment and safety-rule decision mechanism.

Keywords: safety-rule ; uncertainty ; biotechnology regulation ; canola

Subject(s): Crop Production/Industries

Institutional and Behavioral Economics

Research and Development/Tech Change/Emerging Technologies

Risk and Uncertainty

Issue Date: 2008

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/6045

Total Pages: 19

Series Statement: Conference Paper

Record appears in: Australian Agricultural and Resource Economics Society (AARES) > 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia

Autor: Gray, Emily M. ; Ahmadi-Esfahani, Fredoun Z.

Fuente: http://ageconsearch.umn.edu/record/6045?ln=en

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