Abstract
Governments face a second-best situation when they consider the appropriate policy for realizing the optimal level of agricultural research. As public research effort is constrained, private research is required. In absence of any effective way of excluding others from using intellectual innovations, a public good problem will exist. While intellectual property rights help to reduce the public good problem through granting market power to innovators seeking to commercialize their inventions, these rights also create deadweight losses. This paper examines the tradeoffs inherent in IPR policies and uses a Canadian example to show how some of the unwelcome effects can be minimized.
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Stovin, D., W. B. Phillips, P. (2005). Establishing Effective Intellectual Property Rights And Reducing Barriers To Entry In Canadian Agricultural Biotechnology Research. In: Cooper, J., Lipper, L.M., Zilberman, D. (eds) Agricultural Biodiversity and Biotechnology in Economic Development. Natural Resource Management and Policy, vol 27. Springer, Boston, MA. https://doi.org/10.1007/0-387-25409-9_15
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DOI: https://doi.org/10.1007/0-387-25409-9_15
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