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Trait Stacking, Licensing, and Seed Firm Acquisitions on Genetically Modified Grains: A Strategic Analysis AgEcon
Wilson, William W.; Huso, Scott R..
Commercialization of genetically modified (GM) traits leads to interesting strategic questions for agbiotechnology and seed firms. The purpose of the study is to evaluate equilibrium strategies of agbiotechnology and seed firms regarding commercialization of GM traits. Two game theory models were developed to examine equilibrium strategies. In the first, both agbiotechnology firms have commercialization strategies of licensing or not. In the second, the agbiotechnology firm also has the strategic option to purchase a seed form as a commercialization strategy. Results indicate that the equilibrium strategy would be for each of the agbiotechnology firms to license their traits, and the seed firm would release a stacked trait. However, order of play...
Tipo: Journal Article Palavras-chave: Acquisition; Game theory; Genetically modified; Licensing; Trait commercialization; Trait stacking; Crop Production/Industries; Research and Development/Tech Change/Emerging Technologies.
Ano: 2008 URL: http://purl.umn.edu/46560
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ECONOMICS OF PATENTING A RESEARCH TOOL AgEcon
Koo, Bonwoo; Wright, Brian D..
When a new technology consists of sequences of innovations that culminate in a final consumer product, the balance between successive innovators is one of the main concerns in the design of the patent system. While intertemporal aspects of incentive are critical in this environment of sequential innovations, time plays a minor role in existing literature on dynamic models. By focusing on the incentives of follow-on innovators who commercialize an initial invention, this study examines the dynamic implications of the patent instrument (e.g., patent life) via a positive analysis. It shows that a long patent life may encourage innovation incentives and increase social welfare, contrary to existing arguments that argue that long patent life always discourages...
Tipo: Working or Discussion Paper Palavras-chave: Patent life; Research tool; Licensing; Rent dissipation; Research and Development/Tech Change/Emerging Technologies.
Ano: 2002 URL: http://purl.umn.edu/16095
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Endogenous R&D Investment and Market Structure: A Case Study of the Agricultural Biotechnology Industry AgEcon
Anderson, Benjamin; Sheldon, Ian M..
Over the past three decades, the agricultural biotechnology sector has been characterized by rapid innovation, market consolidation, and a more exhaustive definition of property rights. The industry attributes consistently identified by the literature and important to this analysis include: (i) endogenous sunk costs in the form of expenditures on R&D; (ii) seed and agricultural chemical technologies that potentially act as complements within firms and substitutes across firms; and (iii) property rights governing plant and seed varieties that have become more clearly defined since the 1970s. This paper adds to the stylized facts of the agricultural biotechnology industry to include the ability of firms to license technology, a phenomenon observed only...
Tipo: Conference Paper or Presentation Palavras-chave: Licensing; Market structure; R&D; Agricultural biotechnology; Research and Development/Tech Change/Emerging Technologies; L22; L24; Q16.
Ano: 2011 URL: http://purl.umn.edu/107832
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