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Pests, Plagues, and Patents

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  • Timo Goeschl

    (University of Cambridge,)

  • Timothy Swanson

    (University College London,)

Abstract

The paper investigates the interaction between dynamic forms of incentive mechanisms (patent systems) and dynamic forms of problems (adaptations of pests and pathogens). Since biological problems recur, the design of the incentive mechanism must take into consideration: a) the need for investments into R&D that take into account the impermanence of the solution concepts; and b) the impact of this impermanence on the anticipated lifespan of any patent awarded for an innovation. The results indicate that patent systems must be carefully tailored to the nature of the problem under consideration. (JEL: C7, H0, H3, Q38) Copyright (c) 2003 The European Economic Association.

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Bibliographic Info

Article provided by MIT Press in its journal Journal of the European Economic Association.

Volume (Year): 1 (2003)
Issue (Month): 2-3 (04/05)
Pages: 561-575

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Handle: RePEc:tpr:jeurec:v:1:y:2003:i:2-3:p:561-575

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Cited by:
  1. Roberto ESPOSTI, 2003. "Complementarita' innovative e tragedia degli anticommons. Il caso delle agrobiotecnologie," Working Papers 198, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
  2. Gatti, J.R.J. & Goeschl, T. & Groom, B. & Timothy Swanson, 2004. "The Biodiversity Bargaining Problem," Cambridge Working Papers in Economics 0447, Faculty of Economics, University of Cambridge.
  3. Yerokhin, Oleg & Moschini, GianCarlo, 2007. "Intellectual Property Rights and Crop-Improving R&D Under Adaptive Destruction," Staff General Research Papers 12825, Iowa State University, Department of Economics.
  4. Eugenio Figueroa B. & Roberto Pasten C., 2012. "The insurance value of forests in supplying climate regulation," Working Papers wp372, University of Chile, Department of Economics.
  5. Timothy Swanson & Ben Groom, 2012. "Regulating Biodiversity: What is the Problem?," CIES Research Paper series 08-2012, Centre for International Environmental Studies, The Graduate Institute.
  6. Béné, C. & Doyen, L., 2008. "Contribution values of biodiversity to ecosystem performances: A viability perspective," Ecological Economics, Elsevier, vol. 68(1-2), pages 14-23, December.
  7. Baumgartner, Stefan & Becker, Christian & Faber, Malte & Manstetten, Reiner, 2006. "Relative and absolute scarcity of nature. Assessing the roles of economics and ecology for biodiversity conservation," Ecological Economics, Elsevier, vol. 59(4), pages 487-498, October.

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