The Economic Value of Patents, Licenses, and Plant Variety Protection

Gordon Rausser and Arthur A. Small

No 25023, CUDARE Working Papers from University of California, Berkeley, Department of Agricultural and Resource Economics

Abstract: While biotechnology creates new opportunities for agriculture, developments are impeded by confusion in the system for awarding intellectual property rights (IPRs) over agro-biotechnological innovations. An intelligent redesign IPR system requires attention to how the definition of rights interacts with the market environment, generating incentives to create value. A distinction is drawn between cost-reducing innovations that increase the efficiency of producing homogeneous outputs and value-adding innovations that create entirely new types of differentiated outputs. A reform is proposed that would require the mandatory sublicensing of genes and certain core enabling technologies for creating genetically altered organisms.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 18
Date: 1996
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Related works:
Working Paper: The Economic Value of Patents, Licenses, and Plant Variety Protection (1996)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ucbecw:25023

DOI: 10.22004/ag.econ.25023

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