Competition Issues in the Seed Industry and the Role of Intellectual Property Moschini, Giancarlo
dc.contributor.department Economics 2018-02-17T22:25:06.000 2020-06-30T02:05:12Z 2020-06-30T02:05:12Z 2010-01-01
dc.description.abstract <p>The reawakened interest in competition issues in agricultural markets might appear to have found its ideal poster child in the seed industry. Concentration is high and market structure has shown remarkable dynamics over the last 15 years, with high-profile mergers and acquisitions by key players. A dominant firm—Monsanto—seems to have emerged, at least from the perspective of biotech traits perceived as essential in modern seed varieties. The two largest U.S. seed companies, DuPont and Monsanto, have embarked on a tough legal battle. And the Department of Justice (DOJ) has opened a formal antitrust investigation of Monsanto practices. Yet, despite its many motives of interest, the seed industry’s competition issues are probably not representative of what matters in other agricultural markets. A distinctive feature in the seed industry is that innovation is crucial and heavily dependent on sizeable research and development (R&D) investments. Commitment to R&D by private firms, in turn, relies crucially on the existence and enforcement of intellectual property rights (IPRs), patents in particular. Strong IPRs necessarily confer limited monopoly positions. Whereas that is well understood and widely accepted as a reasonable method to promote the provision of innovation by the private sector, there remains an inherent tension between IPR and antitrust concerns in this industry.</p>
dc.description.comments <p>This is a working paper of an article from <em>Choices </em>25 (2010), available at: <a href="" target="_blank"></a>.</p>
dc.identifier archive/
dc.identifier.articleid 1175
dc.identifier.contextkey 9210225
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_las_pubs/181
dc.subject.disciplines Agricultural and Resource Economics
dc.subject.disciplines Industrial Organization
dc.subject.disciplines Other Economics
dc.title Competition Issues in the Seed Industry and the Role of Intellectual Property
dc.type article
dc.type.genre article
dspace.entity.type Publication
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