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Biodiscovery and Intellectual Property Rights: A Dynamic Approach to Economic Efficiency

Author

Listed:
  • Tom Dedeurwaerdere

    (Centre de Philosophie du Droit (CPDR), Université Catholique de Louvain, Belgium)

  • Vijesh Krishna

    (Faculty of Agricultural Sciences, University of Hohenheim, Germany)

  • Unai Pascual

    () (Department of Land Economy, University of Cambridge, UK)

Abstract

This paper examines the use the use of economic incentives for knowledge generation through biodiscovery, in the particular case of the use of a highly valuable biogenetic resource stock from the South for industrial/research input. The focus is on a dynamic approach to contracting and property rights building upon insights from institutional and ecological economics. Two important conclusions come out of this analysis. First, it highlights the necessity to go beyond standard market approaches to economic valuation in order to address the issues of future possibilities of use and innovation and the integration of the different stages in the process of value creation. Second, it shows the necessity of developing alternatives to the current intellectual property rights regime, including systems for appropriate protection of the traditional knowledge of local communities.

Suggested Citation

  • Tom Dedeurwaerdere & Vijesh Krishna & Unai Pascual, 2005. "Biodiscovery and Intellectual Property Rights: A Dynamic Approach to Economic Efficiency," Environmental Economy and Policy Research Working Papers 13.2005, University of Cambridge, Department of Land Economics, revised 2005.
  • Handle: RePEc:lnd:wpaper:200513
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    References listed on IDEAS

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    1. Shogren, Jason F. & Seung Y. Shin & Dermot J. Hayes & James B. Kliebenstein, 1994. "Resolving Differences in Willingness to Pay and Willingness to Accept," American Economic Review, American Economic Association, vol. 84(1), pages 255-270, March.
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    4. Bhat, Mahadev G., 1999. "On biodiversity access, intellectual property rights, and conservation," Ecological Economics, Elsevier, vol. 29(3), pages 391-403, June.
    5. Dosi, Giovanni, 1988. "Sources, Procedures, and Microeconomic Effects of Innovation," Journal of Economic Literature, American Economic Association, vol. 26(3), pages 1120-1171, September.
    6. Richard T. Carson & W. Michael Hanemann & Raymond J. Kopp & Jon A. Krosnick & Robert Cameron Mitchell & Stanley Presser, 1998. "Referendum Design And Contingent Valuation: The Noaa Panel'S No-Vote Recommendation," The Review of Economics and Statistics, MIT Press, vol. 80(3), pages 484-487, August.
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    9. Swanson, Timothy & Goschl, Timo, 2000. "Property rights issues involving plant genetic resources: implications of ownership for economic efficiency," Ecological Economics, Elsevier, vol. 32(1), pages 75-92, January.
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    11. Brush, Stephen B., 1998. "Bio-cooperation and the benefits of crop genetic resources: the case of Mexican maize," World Development, Elsevier, vol. 26(5), pages 755-766, May.
    12. Wiktor L. Adamowicz & Vinay Bhardwaj & Bruce Macnab, 1993. "Experiments on the Difference between Willingness to Pay and Willingness to Accept," Land Economics, University of Wisconsin Press, vol. 69(4), pages 416-427.
    13. Gupta, Anil K., 2002. "Value Addition to Local Kani Tribal Knowledge: Patenting, Licensing and Benefit-Sharing," IIMA Working Papers WP2002-08-02, Indian Institute of Management Ahmedabad, Research and Publication Department.
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    Keywords

    food security; Bioprospection; genetic resources; traditional knowledge; Kani model; benefit sharing;

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