This paper presents an economic perspective on intellectual property in plant materials, including its value, and summary information on the U.S. seed industry. It first considers intellectual property rights--types, economic incentives that they bestow, and uses across developed and developing countries. Second, it considers the U.S. seed industry--characteristics for major crops, optimal pricing of a superior variety, and relative size of public and private research expenditures. Some conclusions and implications are presented in the final section.
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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number
12583.
Length: 32 pages Date of creation: 06 Apr 2006 Date of revision: Handle: RePEc:isu:genres:12583
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