Cyclical Concentration And Consolidation In Biotech R&D: A Neo-Schumpeterian Model
Over 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.
|Date of creation:||1999|
|Date of revision:|
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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.
- 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.
- 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.
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