Abstract
This chapter adapts an existing model of innovation in the plant breeding sector to demonstrate that common standards are not optimum from a global welfare point of view. Policy issues relating to Plant Variety Protection from an economic perspective are reviewed, with particular emphasis on the TRIP Agreement of the World Trade Organization. A variant of a model of innovation is described, and this allows the comparison between markets with different purchasing power. The model is calibrated and applied in hypothetical simulations involving uniform versus varying suitability between markets
Original language | English |
---|---|
Title of host publication | The regulation of agricultural biotechnology |
Editors | R. Evenson, V. Santaniello |
Place of Publication | Wallingford (UK) |
Publisher | CABI Publishing |
Chapter | 10 |
Pages | 109-118 |
ISBN (Print) | 9780851997421 |
DOIs | |
Publication status | Published - 2004 |