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Economic Insights and Deficits in European Biotechnology Patent Policy

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  • Gilroy, Bernard Michael
  • Volpert, Tobias

Abstract

The decisive statutory provision of the EU for patent protection of genetic engineering inventions is the so-called directive on biotechnological patents (DBP). Its objective is the encouragement of research and development in the genetic engineering sector. The following exposition shows that the DBP has two major flaws from the economist's point of view, under which particularly small and medium-sized enterprises, the driving force of this young line of business, suffer.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 22619.

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Date of creation: May 2002
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Handle: RePEc:pra:mprapa:22619

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Keywords: Patent policy; biotechnology sector; Europe;

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  1. Paul Klemperer, 1990. "How Broad Should the Scope of Patent Protection Be?," RAND Journal of Economics, The RAND Corporation, vol. 21(1), pages 113-130, Spring.
  2. Denicolo, Vincenzo, 1999. "The optimal life of a patent when the timing of innovation is stochastic," International Journal of Industrial Organization, Elsevier, Elsevier, vol. 17(6), pages 827-846, August.
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Cited by:
  1. Gilroy, Bernard Michael & Brandes, Wolfgang & Volpert, Tobias, 2003. "Economic Implications of Intellectual Property Rights for the Biotechnology Sector: A Comparative Analysis of the European-Japanese Situations," MPRA Paper 22200, University Library of Munich, Germany.

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