Economics of Intellectual Property Rights in Plant Materials

Wallace Huffman

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: This paper presents an economic perspective on intellectual property in plant materials, including its value, and summary information on the U.S. seed industry. It first considers intellectual property rights--types, economic incentives that they bestow, and uses across developed and developing countries. Second, it considers the U.S. seed industry-- characteristics for major crops, optimal pricing of a superior variety, and relative size of public and private research expenditures. Some conclusions and implications are presented in the final section.

Date: 2006-04-05
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Working Paper: Economics of Intellectual Property Rights in Plant Materials (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genstf:200604050700001241

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