Intellectual Property Rights and the Welfare Effects of Agricultural R&D

GianCarlo Moschini and Harvey Lapan

American Journal of Agricultural Economics, 1997, vol. 79, issue 4, 1229-1242

Abstract: We review intellectual property rights in agriculture and outline a modeling framework that accounts for relevant institutional features of agricultural R&D. The analysis emphasizes vertical market linkages whereby agricultural innovations adopted by farmers are produced upstream by input suppliers. It is argued that the conventional assumption of competitive pricing cannot hold when new technologies are produced by private firms because such innovations are typically protected by intellectual property rights (such as patents) that confer (limited) monopoly rights to discoverers. The implications of intellectual property rights for the welfare evaluation of agricultural R&D are derived, and it is shown that conventional methods usually overestimate the welfare gains from agricultural innovations. Copyright 1997, Oxford University Press.

Date: 1997
References: Add references at CitEc
Citations: View citations in EconPapers (109)

Downloads: (external link)
http://hdl.handle.net/10.2307/1244280 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Intellectual Property Rights and the Welfare Effects of Agricultural R&D (1999)
Working Paper: Intellectual Property Rights and the Welfare Effects of Agricultural R & D (1997)
Working Paper: Intellectual Property Rights and the Welfare Effects of Agricultural R&D (1997)
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:oup:ajagec:v:79:y:1997:i:4:p:1229-1242

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().