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Regulation and the Structure of Biotechnology Industries

In: Regulating Agricultural Biotechnology: Economics and Policy

Author

Listed:
  • Paul Heisey

    (Economic Research Service)

  • David Schimmelpfennig

    (Economic Research Service)

Abstract

The agricultural biotechnology industry has experienced consolidation. As a form of sunk costs, increased regulatory costs could contribute to exit by smaller firms and increasing industry concentration. Cost and revenue factors other than regulation, however, are more likely to explain consolidation to date. Regulation may be endogenous, as innovators make greater attempts to influence the regulatory process when marginal benefits of innovation are higher, when environmental/consumer lobbies are less active, and when marginal costs of influence are lower. For large agricultural biotechnology firms, there is a rough positive relationship between firms’ R&D or net sales and the amounts they devote to lobbying and campaign contributions.

Suggested Citation

  • Paul Heisey & David Schimmelpfennig, 2006. "Regulation and the Structure of Biotechnology Industries," Natural Resource Management and Policy, in: Richard E. Just & Julian M. Alston & David Zilberman (ed.), Regulating Agricultural Biotechnology: Economics and Policy, chapter 0, pages 421-436, Springer.
    • Handle: RePEc:spr:nrmchp:978-0-387-36953-2_19
    DOI: 10.1007/978-0-387-36953-2_19
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    Cited by:

    1. Cyrlene Claasen & Julia Roloff, 2012. "The Link Between Responsibility and Legitimacy: The Case of De Beers in Namibia," Journal of Business Ethics, Springer, vol. 107(3), pages 379-398, May.
    2. Clem Tisdell, 2013. "Economics, ecology and GMOs: sustainability, precaution and related issues," Chapters, in: M. A. Quaddus & M. A.B. Siddique (ed.), Handbook of Sustainable Development Planning, chapter 5, pages 91-118, Edward Elgar Publishing.

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