IDEAS home Printed from https://ideas.repec.org/p/ags/rr6397/279674.html
   My bibliography  Save this paper

Welfare Evaluation of Private R&D for Agricultural Innovations

Author

Listed:
  • Moschini, Giancarlo
  • Lapan, Harvey

Abstract

This paper reviews the nature of intellectual property rights in agriculture and outlines a modeling framework that accounts for relevant institutional features of agricultural R&D. The analysis emphasizes vertical market linkages in a model where agricultural innovations adopted by farmers are produced upstream by input suppliers. It is argued that the conventional assumption of competitive pricing cannot hold when new technologies are produced by private firms, because such innovations are typically protected by intellectual property rights (such as patents) which confer (limited) monopoly rights to the discoverer. The implications of intellectual property rights for the welfare evaluation of agricultural R&D are derived, and it is shown that conventional methods usually overestimate the welfare gains from agricultural innovation.

Suggested Citation

  • Moschini, Giancarlo & Lapan, Harvey, 1997. "Welfare Evaluation of Private R&D for Agricultural Innovations," Economic Analysis of Research and Promotion, March 21-22, 1997, New Orleans, Louisiana 279674, Regional Research Projects > NECC-63: Research Committee on Commodity Promotion.
    • Handle: RePEc:ags:rr6397:279674
    DOI: 10.22004/ag.econ.279674
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/279674/files/rrp-nec63-1997-0003.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.279674?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:rr6397:279674. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.