Welfare Impacts of Cross-Country Spillovers in Agricultural Research
Lence, Sergio H.; Hayes, Dermot J.
American Journal of Agricultural Economics Vol. 90 no. 1 (February 2008): 197-215.
The welfare implications of intellectual property protection (IPP) for private sector agricultural research are analyzed, focusing on the realistic cases where countries provide different IPP levels, technology spills over across countries, and the public sector is involved in research. A model is developed to determine who benefits from, and who should pay for, the associated research. The article contains some interesting results on the implications of a harmonization of IPP policies through multilateral agreements or via technology that allows research firms to prevent the copying of plants and animals that express traits that have emerged from their research.
JEL Classification: F10
Keywords: biotechnology, welfare analysis, GURTs, intellectual property, research spilloverPublished Version