Bundling And Licensing Of Genes In Agricultural Biotechnology
This paper examines the strategic incentive for gene holders to vertically integrate with seed companies, and with herbicide/insecticide oligopolies, given the unique institutional structure and relevant market in agricultural biotechnology. We model the case with homogeneous basic seeds, and investigate both pre-entry and post-entry equilibrium.
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- 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.
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