Innovation of Agricultural Biotechnology with Experimental Use Licensing

Innovation in agricultural biotechnology seed products can be characterized as a non-drastic innovative process with product differentiation. We model this innovation and examine the pricing and purchase decisions for experimental use licensing. In equilibrium, a technologically advantaged firm will purchase a license, while a technologically disadvantaged firm will not. This is the case regardless of the order of pricing decisions.


Issue Date:
2019-01
Publication Type:
Journal Article
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/281310
ISSN:
1068-5502
Language:
English
Published in:
Journal of Agricultural and Resource Economics, 44, 1
Page range:
1-15




 Record created 2019-01-17, last modified 2020-10-28

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