An Information-Based Approach to Labeling Biotechnology Consumer Products

摘要: Using an economic framework this paper explores the need for labeling of biotechnological consumer products. In particular, we assess impact on information problems faced by consumers and regulators. analysis, propose approach to biotechnology products that attempts respect both real nature information-processing capacities approaches environment uncertainty in which any regulatory policy will operate. We conclude fact scientific front concerns area gives rise a some type labeling. labels convey substantive information, however, is likely be limited value consumers. A comprehensive field should aim instead use requirements harness incentives producers other private entities effectively what they want know. therefore recommend governments require simple alert label goods prompt their needs or others supply those needs. Government regulation scheme would consist basic health safety direct indirect monitoring content ultimately conveyed others.