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Intellectual Property Rights, Genetic Use Restriction Technologies (GURTs), and Strategic Behavior

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  • Shi, Guanming

Abstract

This article discusses the mutual reinforcement effects of IPRs and biotechnology in recent years, and review the development of GURTs and how the major agricultural biotechnology companies behave in that regard. Both proponents and opponents of GURTs made strong arguments based on speculations. We discuss the major arguments by both sides, and argue the possible strategic use of bundling and licensing strategy by the biotech giants, because GURTs make it possible for a seed to be marketed as a vector of trait options. We also examine the validity of two major implicit assumptions held by those opposing GURTs: patenting does not affect the monopoly power of GURTs; and GURTs would take over the GM seed market.

Suggested Citation

  • Shi, Guanming, 2006. "Intellectual Property Rights, Genetic Use Restriction Technologies (GURTs), and Strategic Behavior," 2006 Annual meeting, July 23-26, Long Beach, CA 21434, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea06:21434
    DOI: 10.22004/ag.econ.21434
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    References listed on IDEAS

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    1. Kalaitzandonakes, Nicholas G., 1999. "A Farm Level Perspective On Agrobiotechnology," Agricultural Outlook Forum 1999 32913, United States Department of Agriculture, Agricultural Outlook Forum.
    2. Shoemaker, Robbin A. & Harwood, Joy L. & Day-Rubenstein, Kelly A. & Dunahay, Terry & Heisey, Paul W. & Hoffman, Linwood A. & Klotz-Ingram, Cassandra & Lin, William W. & Mitchell, Lorraine & McBride, W, 2001. "Economic Issues In Agricultural Biotechnology," Agricultural Information Bulletins 33735, United States Department of Agriculture, Economic Research Service.
    3. William James Adams & Janet L. Yellen, 1976. "Commodity Bundling and the Burden of Monopoly," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 90(3), pages 475-498.
    4. Barry Nalebuff, 2004. "Bundling as an Entry Barrier," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 119(1), pages 159-187.
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