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Dynamic pricing of Genetically Modified Crop Traits

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Author Info

  • Richard K. Perrin

    (University of Nebraska)

  • Lilyan E. Fulginiti

    (University of Nebraska)

Abstract

The issue considered here is the retail pricing of patented crop traits such as Roundup Ready herbicide resistance or Bt insect resistance. Our concern is not with the price of the seeds in which the traits are embodied, but rather with the implicit or explicit price for the traits themselves. Intellectual property rights are now available for traits, and while monopoly pricing of them has received some limited consideration in theeconomics literature1, no one has yet examined the possible implications of the durability of these traits as a factor in determining such monopolists' pricing behavior.

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File URL: http://128.118.178.162/eps/io/papers/0501/0501005.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Industrial Organization with number 0501005.

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Length: 15 pages
Date of creation: 06 Jan 2005
Date of revision:
Handle: RePEc:wpa:wuwpio:0501005

Note: Type of Document - pdf; pages: 15. in The Governance of Agriculture, R. Evenson and V. Santianiello, eds., CABI, 2004
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Web page: http://128.118.178.162

Related research

Keywords: Coase; dynamic monopoly; traits.;

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  1. Sobel, Joel & Takahashi, Ichiro, 1983. "A Multistage Model of Bargaining," Review of Economic Studies, Wiley Blackwell, vol. 50(3), pages 411-26, July.
  2. Ishac Diwan & Dani Rodrik, 1989. "Patents, Appropriate Technology, and North-South Trade," NBER Working Papers 2974, National Bureau of Economic Research, Inc.
  3. Deardorff, Alan V, 1992. "Welfare Effects of Global Patent Protection," Economica, London School of Economics and Political Science, vol. 59(233), pages 35-51, February.
  4. Perrin, Richard K., 1999. "Intellectual property rights and developing country agriculture," Agricultural Economics, Blackwell, vol. 21(3), pages 221-229, December.
  5. Coase, Ronald H, 1972. "Durability and Monopoly," Journal of Law and Economics, University of Chicago Press, vol. 15(1), pages 143-49, April.
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Cited by:
  1. Ambec, Stefan & Langinier, Corinne & Lemarie, Stephane, 2006. "Incentive to Reduce Crop Trait Durability," Staff General Research Papers 12525, Iowa State University, Department of Economics.

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