How should the gene be patented?
Patenting may speed up genetic research when small inventors face high research and development costs and also face large rivals that produce at declining marginal costs. Even with patents, however, small inventors may turn down socially beneficial projects when they believe that R&D spending will advance their rivals’ research more than their own. [JEL H41, I18]
|Date of creation:||08 May 2001|
|Date of revision:|
|Note:||Type of Document - Microsoft Word 2000; prepared on Compaq Presario 2000; to print on HP; pages: 17; figures: none|
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