Cyclical Concentration And Consolidation In Biotech R&D: A Neo-Schumpeterian Model
AbstractOver 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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Bibliographic InfoPaper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Staff Papers with number 11812.
Date of creation: 1999
Date of revision:
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- 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.
- Gregory D. Graff & Gordon C. Rausser & Arthur A. Small, 2003. "Agricultural Biotechnology's Complementary Intellectual Assets," The Review of Economics and Statistics, MIT Press, vol. 85(2), pages 349-363, May.
- James F. Oehmke & Dave D. Weatherspoon & Christopher A. Wolf & Anwar Naseem & Mywish Maredia & Amie Hightower, 2000.
"Is agricultural research still a public good?,"
John Wiley & Sons, Ltd., vol. 16(1), pages 68-81.
- Oehmke, James F. & Wolf, Christopher A. & Weatherspoon, Dave D. & Naseem, Anwar & Maredia, Mywish K. & Raper, Kellie Curry & Hightower, Amie L., 1999. "Cyclical Concentration And Biotech R&D Activity: A Neo-Schumpeterian Model," Staff Papers 11792, Michigan State University, Department of Agricultural, Food, and Resource Economics.
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