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Cyclical Concentration And Consolidation In Biotech R&D: A Neo-Schumpeterian Model

Author

Listed:
  • Oehmke, James F.
  • Wolf, Christopher A.
  • Weatherspoon, Dave D.
  • Naseem, Anwar
  • Maredia, Mywish K.
  • Raper, Kellie Curry
  • Hightower, Amie L.

Abstract

Over the past fifteen years, the agricultural biotechnology industry has exhibited cyclical behavior in concentration and consolidation. This paper provides a theoretical model of endogenous R&D, in which industry concentration exhibits cyclical behavior. The model also generates additional testable hypotheses, and policy implications.

Suggested Citation

  • Oehmke, James F. & Wolf, Christopher A. & Weatherspoon, Dave D. & Naseem, Anwar & Maredia, Mywish K. & Raper, Kellie Curry & Hightower, Amie L., 1999. "Cyclical Concentration And Consolidation In Biotech R&D: A Neo-Schumpeterian Model," Staff Paper Series 11812, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    • Handle: RePEc:ags:midasp:11812
    DOI: 10.22004/ag.econ.11812
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    File URL: https://ageconsearch.umn.edu/record/11812/files/sp99-50.pdf
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    References listed on IDEAS

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    1. Rausser, Gordon C. & Scotchmer, Suzanne & Simon, Leo K., 1999. "Intellectual Property and Market Structure in Agriculture," CUDARE Working Papers 7156, University of California, Berkeley, Department of Agricultural and Resource Economics.
    2. James F. Oehmke & Dave D. Weatherspoon & Christopher A. Wolf & Anwar Naseem & Mywish Maredia & Amie Hightower, 2000. "Is agricultural research still a public good?," Agribusiness, John Wiley & Sons, Ltd., vol. 16(1), pages 68-81.
    3. Hayenga, Marvin L. & Kalaitzandonakes, Nicholas, 1999. "Structural Changes in the Biotechnology and Seed Industrial Complex; Theory and Evidence," Staff General Research Papers Archive 10404, Iowa State University, Department of Economics.
    4. Gregory D. Graff & Gordon C. Rausser & Arthur A. Small, 2003. "Agricultural Biotechnology's Complementary Intellectual Assets," The Review of Economics and Statistics, MIT Press, vol. 85(2), pages 349-363, May.
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    1. Oehmke, James F. & Wolf, Christopher A. & Weatherspoon, Dave D. & Naseem, Anwar & Maredia, Mywish K. & Raper, Kellie Curry & Hightower, Amie L., 1999. "Cyclical Concentration And Biotech R&D Activity: A Neo-Schumpeterian Model," Staff Paper Series 11792, Michigan State University, Department of Agricultural, Food, and Resource Economics.

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