Arbeitspapier
On Butterflies and Frankenstein: A Dynamic Theory of Regulation
There are major differences in regulation among various countries. A particular case is the difference between the EU and US in regulating biotechnology.We develop a firmal and dynamic model of government decision-making on regulation. We show that minor differences in consumer preferences can lead to important and persistent regulatory differences, and that temporary shocks to preferences can have long-lasting effects. This hysteresis in regulatory differences is shown to be caused by producer protectionist motives. We argue that this model may contribute to explain the difference between EU and US biotechnology regulation.
- Sprache
-
Englisch
- Erschienen in
-
Series: LICOS Discussion Paper ; No. 276
- Klassifikation
-
Wirtschaft
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Swinnen, Johan F. M.
Vandemoortele, Thijs
- Ereignis
-
Veröffentlichung
- (wer)
-
Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance
- (wo)
-
Leuven
- (wann)
-
2011
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Swinnen, Johan F. M.
- Vandemoortele, Thijs
- Katholieke Universiteit Leuven, LICOS Centre for Institutions and Economic Performance
Entstanden
- 2011
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