Wednesday, July 14, 2010
Posted by D. Daniel Sokol
GianCarlo Moschini (Iowa - Econ) has an interesting new piece on Competition Issues in the Seed Industry and the Role of Intellectual Property.
ABSTRACT: Research and Development (R&D) and innovation are crucial features of the seed industry. To support large R&D investments by the private sector, strong intellectual property rights, such as patents, are necessary. The exclusivity granted by patents naturally creates market power positions and raises difficult and unresolved competition issues in an antitrust context.