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Economics of Intellectual Property Rights in Plant Materials

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  • Huffman, Wallace

Abstract

This paper presents an economic perspective on intellectual property in plant materials, including its value, and summary information on the U.S. seed industry. It first considers intellectual property rights--types, economic incentives that they bestow, and uses across developed and developing countries. Second, it considers the U.S. seed industry--characteristics for major crops, optimal pricing of a superior variety, and relative size of public and private research expenditures. Some conclusions and implications are presented in the final section.

Suggested Citation

  • Huffman, Wallace, 2006. "Economics of Intellectual Property Rights in Plant Materials," Staff General Research Papers Archive 12583, Iowa State University, Department of Economics.
  • Handle: RePEc:isu:genres:12583
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    File URL: http://www2.econ.iastate.edu/papers/p3848-2006-04-06.pdf
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    References listed on IDEAS

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    1. Wallace E. Huffman & Robert E. Evenson, 1992. "Contributions of Public and Private Science and Technology to U.S. Agricultural Productivity," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(3), pages 751-756.
    2. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    3. Wright, Brian Davern, 1983. "The Economics of Invention Incentives: Patents, Prizes, and Research Contracts," American Economic Review, American Economic Association, vol. 73(4), pages 691-707, September.
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    Cited by:

    1. Huffman, Wallace, 2009. "Technology and Innovation in World Agriculture: Prospects for 2010-2019," Staff General Research Papers Archive 13060, Iowa State University, Department of Economics.
    2. Huffman, Wallace, 2009. "Measuring Public Agricultural Research Capital and Its Contribution to State Agricultural Productivity," Staff General Research Papers Archive 13123, Iowa State University, Department of Economics.

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    Keywords

    Intellectual property rights; value of innovations; plants; seed industry;

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