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Full-Text Articles in Law

Patents And Other Intellectual Property Rights, Giancarlo Moschini May 2001

Patents And Other Intellectual Property Rights, Giancarlo Moschini

CARD Working Papers

This article reviews intellectual property rights (IPRs), with some emphasis on the protection of agricultural and life sciences innovations. The main institutional features of IPRs are first discussed, along with a brief historical background and an articulation of the main rationale for the existence of such rights. This is followed by an overview of the principal economic issues related to IPRs. The main benefit/cost trade-offs of allowing patents and other IPRs are explained, and specific issues are then analyzed in some depth, including the scope of patent protection, the effects of patent races, and the problems arising when IPRs ...


Economic Benefits And Costs Of Biotechnology Innovations In Agriculture, Giancarlo Moschini Jan 2001

Economic Benefits And Costs Of Biotechnology Innovations In Agriculture, Giancarlo Moschini

CARD Working Papers

The conceptual model necessary for an assessment of biotechnology's economic benefits and costs is outlined, emphasizing the need to account for the proprietary nature of biotechnology innovations. The model is illustrated with an application to Roundup Ready soybeans. The estimated value of this innovation is sizeable, with consumers and innovators claiming the larger share of net benefits. Also, disparities in intellectual property rights protection across countries affect the distribution of benefits. Consumer resistance toward genetically modified organisms (GMOs) and the issues of labeling and market segregation complicate the economic evaluation of biotechnology innovations, and a number of related regulation ...