Liability in Cases of Damage Resulting from GMO's: An Economic Perspective
ECONOMIC LOSS CAUSED BY GENETICALLY MODIFIED ORGANISMS LIABILITY AND REDRESS FOR THE ADVENTITIOUS PRESENCE OF GMOS IN NON-GM CROPS, Tort and Insurance Law Series, Bernhard A. Koch, ed., Vol. 24, Springer, 2008
Rotterdam Institute of Law and Economics (RILE), Working Paper No. 2008/09
51 Pages Posted: 8 Apr 2008
Date Written: 2008
Abstract
This paper discusses the liability of damage resulting from the use of genetically modified organisms from an economic perspective. A distinction is made between the prevention and compensation goals of liability rules. The paper distinguishes the situation where victim and tort feasor stand in a contractual relationship and the case where this is not the case. Specific attention is paid to potential liability resulting from mixture of GM crops with non-GM crops. Specific attention is also paid to causation issues and to available remedies in case liability is established.
Keywords: liability, compensation, contract, Coase theorem, genetically modified organisms
JEL Classification: K12, K13, K32
Suggested Citation: Suggested Citation
