Do you think that the regulation described in Problem 27-6 is more likely an example of the

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Do you think that the regulation described in Problem 27-6 is more likely an example of the capture hypothesis or the share-the-gains, share- the-pains theory? Why?

Problem 27-6

Research into genetically modified crops has led tosignificant productivity gains for countries such asthe United States that employ these techniques.Countries such as the European Union's membernations, however, have imposed controls on theimport of these products, citing concern for publichealth. Is the European Union's regulation ofgenetically modified crops social regulation oreconomic regulation?

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