Bioprospecting and biodiversity contracts
AbstractA dynamic economic model for a biodiversity prospecting contract, between a host country and a pharmaceutical company, is developed and used to explain the structure of existing contracts. The host country s stocks of biodiversity and genetic information are crucial inputs to the production of high-quality samples. Even with compete property rights contracts will be second best; it is not possible to perfectly monitor host-country inputs to the drug discovery process. Contracts vary due to the different degrees of observability of host-country inputs, and incomplete or ineffective property rights.
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Bibliographic InfoArticle provided by Cambridge University Press in its journal Environment and Development Economics.
Volume (Year): 8 (2003)
Issue (Month): 03 (July)
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- Amitrajeet A. Batabyal & Peter Nijkamp, 2013. "Biodiversity Prospecting over Time and under Uncertainty: A Theory of Sorts," Tinbergen Institute Discussion Papers 13-163/VIII, Tinbergen Institute.
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