Basic innovations are often fundamental to the development of applications that maybe developed by other innovators. In this setting, we investigate whether patent pools canrectify the lack of incentives for developers to invest in applications. Following Green andScotchmer (1995), we also...

This paper presents an economic perspective on intellectual property in plantmaterials, including its value, and summary information on the U.S. seed industry. It firstconsiders intellectual property rights--types, economic incentives that they bestow, and usesacross developed and developing...

We develop a model with one innovating northern firm and heterogeneous southernfirms that compete in a final product market. We assume southern firms differ in their intrinsiccosts and their ability to adapt technology and study southern incentives to protect intellectualproperty rights. We find...

This paper describes major external changes to the U.S. public agricultural researchsystem over 1988-1999; describes the reactions of the public agricultural research system to theexternal changes, specifying the innovations that have occurred over the last decade; and drawsconclusions about the present...

Our context involves Cournot oligopolists producing NM products at constant marginal costs when preferences are quasi-linear. We identify relationships between second moments of unit costs and second moments of firm-level production. For example, a larger variance in unit costs of a product...