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Market Structure And Innovation In Ag-Biotechnology

Author

Listed:
  • Pray, Carl E.
  • Bhuyan, Sanjib
  • Hossain, Ferdaus
  • Naseem, Anwar

Abstract

The objective of this paper is to make a contribution to a debated issue in industrial organization that of the relationship between market structure and innovation. We place this topic within a theoretical framework and in the context of the agricultural biotechnology research market. Our theoretical model addresses how firm R&D decisions are affected by upstream and downstream market structures, farmer adoption decisions, and patent strength.

Suggested Citation

  • Pray, Carl E. & Bhuyan, Sanjib & Hossain, Ferdaus & Naseem, Anwar, 2002. "Market Structure And Innovation In Ag-Biotechnology," 2002 Annual meeting, July 28-31, Long Beach, CA 19893, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea02:19893
    DOI: 10.22004/ag.econ.19893
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    References listed on IDEAS

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    1. Kenneth Arrow, 1962. "Economic Welfare and the Allocation of Resources for Invention," NBER Chapters, in: The Rate and Direction of Inventive Activity: Economic and Social Factors, pages 609-626, National Bureau of Economic Research, Inc.
    2. Dasgupta, Partha & Stiglitz, Joseph, 1980. "Industrial Structure and the Nature of Innovative Activity," Economic Journal, Royal Economic Society, vol. 90(358), pages 266-293, June.
    3. Kalaitzandonakes, Nicholas G. & Hayenga, Marvin L., 2000. "Structural Change In The Biotechnology And Seed Industrial Complex: Theory And Evidence," Transitions in Agbiotech: Economics of Strategy and Policy, June 24-25, 1999, Washington, D.C. 26026, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.
    4. Brennan, Margaret F. & Pray, Carl E. & Courtmanche, Ann, 2000. "Impact Of Industry Concentration On Innovation In The U.S. Plant Biotech Industry," Transitions in Agbiotech: Economics of Strategy and Policy, June 24-25, 1999, Washington, D.C. 26008, Regional Research Project NE-165 Private Strategies, Public Policies, and Food System Performance.
    Full references (including those not matched with items on IDEAS)

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