EconPapers    
Economics at your fingertips  
 

Property Rights Protection of Biotechnology Innovations

Diana M. Burton, H. Love, Gokhan Ozertan () and Curtis Taylor

Journal of Economics & Management Strategy, 2005, vol. 14, issue 4, 779-812

Abstract: Protection of intellectual property embedded in self‐replicating biological innovations, such as genetically modified seed, presents two problems for the innovator: the need for copy protection of intellectual property and price competition between new seed and reproduced seed. We consider three regimes in two periods with asymmetric information: short‐term contracts, biotechnological protection, and long‐term contracts. We find that piracy imposes more intense competition for seed sales than does durability alone. Technology protection systems yield highest firm profit and long‐term contracts outperform short‐term contracts. Farmers prefer, in order, long‐term, short‐term, and biotechnical protection. Depending on monitoring cost, long‐term contracts may be socially preferred to short‐term contracts, with both preferred to biotechnical protection.

Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9) Track citations by RSS feed

Downloads: (external link)
https://doi.org/10.1111/j.1530-9134.2005.00083.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:jemstr:v:14:y:2005:i:4:p:779-812

Ordering information: This journal article can be ordered from
http://www.blackwell ... ref=1058-6407&site=1

Access Statistics for this article

More articles in Journal of Economics & Management Strategy from Wiley Blackwell
Bibliographic data for series maintained by Wiley Content Delivery ().

 
Page updated 2021-04-13
Handle: RePEc:bla:jemstr:v:14:y:2005:i:4:p:779-812