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Full-Text Articles in Social and Behavioral Sciences
Pricing And Welfare Impacts Of New Crop Traits: The Role Of Iprs And Coase's Conjecture Revisited, Richard K. Perrin, Lilyan E. Fulginiti
Pricing And Welfare Impacts Of New Crop Traits: The Role Of Iprs And Coase's Conjecture Revisited, Richard K. Perrin, Lilyan E. Fulginiti
Lilyan E. Fulginiti Publications
Crop traits are durable when embedded in varieties, and thus they may be subject to Coase's conjecture that monopolists who sell durables may be unable to earn normal monopoly rents, or in the extreme case, not any rents at all. To determine the potential relevance of this conjecture for the crop traits market, we analyze the theoretical time path of trait prices under three systems of intellectual property rights (utility patents, plant breeders' rights, and none), alternative assumptions about sellers' ability to commit to future action, and alternative assumptions that buyers are either myopic or far-sighted with respect to expectations …
Pricing And Welfare Impacts Of New Crop Traits: The Role Of Iprs And Coase's Conjecture Revisited, Richard K. Perrin, Lilyan E. Fulginiti
Pricing And Welfare Impacts Of New Crop Traits: The Role Of Iprs And Coase's Conjecture Revisited, Richard K. Perrin, Lilyan E. Fulginiti
Department of Agricultural Economics: Faculty Publications
Crop traits are durable when embedded in varieties, and thus they may be subject to Coase's conjecture that monopolists who sell durables may be unable to earn normal monopoly rents, or in the extreme case, not any rents at all. To determine the potential relevance of this conjecture for the crop traits market, we analyze the theoretical time path of trait prices under three systems of intellectual property rights (utility patents, plant breeders' rights, and none), alternative assumptions about sellers' ability to commit to future action, and alternative assumptions that buyers are either myopic or far-sighted with respect to expectations …