CYCLICAL CONCENTRATION AND CONSOLIDATION IN BIOTECH R&D: A NEO-SCHUMPETERIAN MODEL

James F. Oehmke, Christopher Wolf (), Dave Weatherspoon (), Anwar Naseem (), Mywish Maredia, Kellie Raper and Amie L. Hightower

No 11812, Staff Paper Series from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: Over the past fifteen years, the agricultural biotechnology industry has exhibited cyclical behavior in concentration and consolidation. This paper provides a theoretical model of endogenous R&D, in which industry concentration exhibits cyclical behavior. The model also generates additional testable hypotheses, and policy implications.

Keywords: Industrial Organization; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 22
Date: 1999
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:midasp:11812

DOI: 10.22004/ag.econ.11812

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