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.
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- 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.
- 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?," Staff Papers 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.
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