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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- Oehmke, James F. & Weatherspoon, Dave D. & Wolf, Christopher A. & Naseem, Anwar & Maredia, Mywish K. & Hightower, Amie L., 1999.
"Is Agricultural Research Still A Public Good?,"
11821, Michigan State University, Department of Agricultural, Food, and Resource Economics.
- 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.
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