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Kardung, Maximilian ; Ambrogio, Yasmine ; Cingiz, Kutay ; Consmüller, Nicola ; Unkel, Katharina ; Purnhagen, Kai ; Wesseler, Justus:
Comparing the Effects of Regulating New Genomic Techniques on Investment Decisions in the European Union.
In: European Review of Agricultural Economics.
(2026)
.
ISSN 1464-3618
Abstract
We examine the economic impact of regulating New Genomic Techniques on investment decisions in the EU. Using a real options model, we compare ten regulatory options with the status quo and analyse their effects on plant breeders’ investments. Using the current authorisation process for genetically modified organisms for NGTs presents a high investment barrier for companies. The findings indicate that all five options offer opportunities to reduce investment hurdles, depending on the design of the authorisation process. Our model and its calibration serve as an example for further advancing the application of real options for regulatory policy analysis.