dc.contributor.advisor |
Evans, Lewis |
|
dc.contributor.advisor |
Calcott, Paul |
|
dc.contributor.author |
Hutton, Stephen R. |
|
dc.date.accessioned |
2010-11-02T21:04:36Z |
|
dc.date.accessioned |
2022-10-10T23:44:40Z |
|
dc.date.available |
2010-11-02T21:04:36Z |
|
dc.date.available |
2022-10-10T23:44:40Z |
|
dc.date.copyright |
2003 |
|
dc.date.issued |
2003 |
|
dc.identifier.uri |
https://ir.wgtn.ac.nz/handle/123456789/21688 |
|
dc.description.abstract |
This thesis examines the economic issues surrounding liability for genetically modified organisms, with focus on the New Zealand situation and liability debate. I review the law and economics literature on liability, and consider an adverse selection problem that occurs where GMO firms choose whether to conduct a project when project benefits and risks are heterogeneous. I consider the rationale for and effects of joint use of liability and regulation in a simple model, and find that negligence and strict liability are equivalent. I then find consider a range of complications such as bilateral precaution, sunk research costs, imperfect and asymmetric information, biased regulators, judgement errors, externalities and limited injurer assets. I find that strict liability leads to higher social welfare than negligence under all of these cases except positive externalities and limited injurer assets. |
en_NZ |
dc.format |
pdf |
en_NZ |
dc.language |
en_NZ |
|
dc.language.iso |
en_NZ |
|
dc.publisher |
Te Herenga Waka—Victoria University of Wellington |
en_NZ |
dc.subject |
Liability |
en_NZ |
dc.subject |
Genetically modified organisms |
en_NZ |
dc.title |
The Economics of Liability for Genetically Modified Organisms |
en_NZ |
dc.type |
Text |
en_NZ |
vuwschema.contributor.unit |
School of Marketing and International Business |
en_NZ |
vuwschema.type.vuw |
Awarded Research Masters Thesis |
en_NZ |
thesis.degree.discipline |
Economics |
en_NZ |
thesis.degree.grantor |
Te Herenga Waka—Victoria University of Wellington |
en_NZ |
thesis.degree.level |
Masters |
en_NZ |
thesis.degree.name |
Master of Commerce and Administration |
en_NZ |