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Cyclical Concentration And Consolidation In Biotech R&D: A Neo-Schumpeterian Model

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Author Info
Oehmke, James
Wolf, Chris
Weatherspoon, Dave D.
Naseem, Anwar
Maredia, Mywish
Raper, Kellie
Hightower, Amie L.
Abstract

Over the past fifteen years, the agricultural biotechnology industry has exhibited cyclical behavior in concentration and consolidation. This paper provides a theoretical model of endogenous R&D, in which industry concentration exhibits cyclical behavior. The model also generates additional testable hypotheses, and policy implications.

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File URL: http://purl.umn.edu/11812
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Publisher Info
Paper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Staff Papers with number 11812.

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Date of creation: 1999
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Handle: RePEc:ags:midasp:11812

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Related research
Keywords: Industrial Organization; Research and Development/Tech Change/Emerging Technologies;

References listed on IDEAS
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  1. Rausser, Gordon C. & Scotchmer, Suzanne & Simon, Leo K., 1999. "Intellectual property and market structure in agriculture," CUDARE Working Paper Series 880, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
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  2. Graff, Gregory D. & Rausser, Gordon C. & Small, Arthur Adams, 2001. "Agricultural biotechnology's complementary intellectual assets," CUDARE Working Paper Series 925, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy. [Downloadable!]
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This page was last updated on 2009-11-26.


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