Economics of Intellectual Property Rights in Plant Materials

Date
2006-04-05
Authors
Huffman, Wallace
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Altmetrics
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Research Projects
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Economics
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Abstract

This paper presents an economic perspective on intellectual property in plant materials, including its value, and summary information on the U.S. seed industry. It first considers intellectual property rights--types, economic incentives that they bestow, and uses across developed and developing countries. Second, it considers the U.S. seed industry-- characteristics for major crops, optimal pricing of a superior variety, and relative size of public and private research expenditures. Some conclusions and implications are presented in the final section.

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Intellectual property rights, value of innovations, plants, seed industry
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