BIODISCOVERY AND INTELLECTUAL PROPERTY RIGHTS: A DYNAMIC APPROACH TO ECONOMIC EFFICIENCY

This paper examines the use the use of economic incentives for knowledge generation through biodiscovery, in the particular case of the use of a highly valuable biogenetic resource stock from the South for industrial/research input. The focus is on a dynamic approach to contracting and property rights building upon insights from institutional and ecological economics. Two important conclusions come out of this analysis. First, it highlights the necessity to go beyond standard market approaches to economic valuation in order to address the issues of future possibilities of use and innovation and the integration of the different stages in the process of value creation. Second, it shows the necessity of developing alternatives to the current intellectual property rights regime, including systems for appropriate protection of the traditional knowledge of local communities.


Issue Date:
2005
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/31928
Total Pages:
23
Series Statement:
Discussion Paper Number 13.2005




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

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