The role of externalities and uncertainty in policy design: evidence from the regulation of genome editing

Externalities and uncertainty play an important role in the design of regulatory policies. Regulatory tools must be selected while taking into consideration side-effects that regulated products or services have on other individuals environment. This study investigates externalities arise from use genome editing (with specific reference to CRISPR technique) how they relate policy choices. Building evidence regulation NATO (Nodality, Authority, Treasure Organization) framework, this argues a mix is required tackle applications cope with sources about their beneficial, neutral harmful side-effects. The provides some recommendations policy-makers reducing uncertainty, diversifying over time, communicating public features genetically edited products.