@article{Jackson:281310, recid = {281310}, author = {Jackson, Jeremy and Smith, Jason}, title = {Innovation of Agricultural Biotechnology with Experimental Use Licensing}, journal = {Journal of Agricultural and Resource Economics}, address = {2019-01}, number = {1835-2019-060}, year = {2019}, abstract = {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.}, url = {http://ageconsearch.umn.edu/record/281310}, doi = {https://doi.org/10.22004/ag.econ.281310}, }