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MARKET STRUCTURE IN BIOTECHNOLOGY: IMPLICATIONS FOR LONG-RUN COMPARATIVE ADVANTAGE

Brian F. Lavoie and Ian Sheldon ()

No 21835, 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A country specializing in a high technology industry may find that excess returns stemming from innovation are reallocated overseas as foreign-based multinationals access ongoing domestic R&D through alliances with or acquisition of established domestic start-ups. Computer simulation illustrates this process in the context of the current US specialization in biotechnology.

Keywords: Biotechnology; market structure; comparative advantage; Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 24
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea00:21835

DOI: 10.22004/ag.econ.21835

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