PATENTS, R&D, AND MARKET STRUCTURE IN THE U.S. FOOD PROCESSING INDUSTRY

This study investigates the effects of market structure and research and development (R&D) on the innovation activities of firms. Fixed and random effects count data models are estimated with firm-level data for the U.S. food processing industry. Results show a positive association between patents and R&D, and patents and market structure, suggesting that firms which exhibit noncompetitive behavior are likely to develop new products and processes. Significant intra-industry spillovers of knowledge are identified using industry R&D. For this industry, deadweight losses from imperfect competition may be offset by greater product variety and quality of food products for consumers.


Issue Date:
1999-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/30869
Published in:
Journal of Agricultural and Resource Economics, Volume 24, Number 1
Page range:
127-139
Total Pages:
13




 Record created 2017-04-01, last modified 2017-08-24

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