Plant Breeders’ Rights, Patents, and Incentives to Innovate
Adrien Hervouet () and
Corinne Langinier
Journal of Agricultural and Resource Economics, 2018, vol. 43, issue 01
Abstract:
Both patents and Plant Breeders’ Rights (PBRs) can protect plant innovations. Unlike patents, PBRs allow farmers to save part of their harvest to replant. We analyze the impact of this exemption on prices and innovation in a monopoly setting. In a PBR regime, a monopolist might let farmers self-produce, and he over- or under-invests compared to socially optimal investments. Under a PBR and patent regime, large (small) innovations are more likely to be patented (protected with PBRs), but self-production is not completely prevented, private investments are often socially optimal, and incentives to innovate are boosted. However, overall effects on welfare are ambiguous.
Keywords: Agricultural and Food Policy; Crop Production/Industries (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (2)
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Related works:
Working Paper: Plant Breeders' Rights, Patents, and Incentives to Innovate (2018) 
Working Paper: Plant Breeders’ Rights, Patents and Incentives to Innovate (2015) 
Working Paper: Plant breeders' rights, patents and incentives to innovate (2014)
Working Paper: Plant breeders' rights, patents and incentives to innovate (2014)
Working Paper: Plant Breeders' Rights, Patents and Incentives to Innovate (2014)
Working Paper: Plant breeders' rights, patents and incentives to innovate (2013)
Working Paper: Plant breeders' rights, patents and incentives to innovate (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:267613
DOI: 10.22004/ag.econ.267613
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