Another Look at Biotech Regulation
7 Pages Posted: 28 May 2004
The EU has had the difficult task of creating new regulations for genetically modified food labeling while simultaneously developing its governing institutions. It is unclear that the resulting policies have produced substantial welfare gains for consumers. What is clear, instead, is that the current labeling policies fail all three standard criteria typically used to justify regulation.
Keywords: European Union, EU, regulation, regulations, biotech, biotech regulations, regulatory framework, regulatory intervention, genetically modified foods, biotechnology, government regulation
JEL Classification: H11, L51, Q18, Q17, I18
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