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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. Romer, Paul M, 1990. "Endogenous Technological Change," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 71-102, October.
    2. 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.
    3. Wright, Brian Davern, 1983. "The Economics of Invention Incentives: Patents, Prizes, and Research Contracts," American Economic Review, American Economic Association, pages 691-707.
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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. Luisa Menapace & Gregory Colson & Carola Grebitus & Maria Facendola, 2011. "Consumers' preferences for geographical origin labels: evidence from the Canadian olive oil market," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 38(2), pages 193-212, June.

    More about this item

    Keywords

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

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