Plant Breeders' Rights, Patents, and Incentives to Innovate
Both patents and Plant Breeders' Rights (PBRs) can protect plant innovations. Unlike patents, PBRs allow farmers to save part of their harvest to replant. We analyze the impact of this exemption on prices and innovation in a monopoly setting. In a PBR regime, a monopolist might let farmers self...
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doaj-e6015c93e19f411d91b9ec424d15ad472020-11-25T02:06:00ZengWestern Agricultural Economics AssociationJournal of Agricultural and Resource Economics1068-55022327-82852018-01-0143111815010.22004/ag.econ.267613267613Plant Breeders' Rights, Patents, and Incentives to InnovateAdrien HervouetCorinne LanginierBoth patents and Plant Breeders' Rights (PBRs) can protect plant innovations. Unlike patents, PBRs allow farmers to save part of their harvest to replant. We analyze the impact of this exemption on prices and innovation in a monopoly setting. In a PBR regime, a monopolist might let farmers self-produce, and he over- or under-invests compared to socially optimal investments. Under a PBR and patent regime, large (small) innovations are more likely to be patented (protected with PBRs), but self-production is not completely prevented, private investments are often socially optimal, and incentives to innovate are boosted. However, overall effects on welfare are ambiguous.https://ageconsearch.umn.edu/record/267613durable goodinnovationpatentsplant breeders' rightsseed saving |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Adrien Hervouet Corinne Langinier |
spellingShingle |
Adrien Hervouet Corinne Langinier Plant Breeders' Rights, Patents, and Incentives to Innovate Journal of Agricultural and Resource Economics durable good innovation patents plant breeders' rights seed saving |
author_facet |
Adrien Hervouet Corinne Langinier |
author_sort |
Adrien Hervouet |
title |
Plant Breeders' Rights, Patents, and Incentives to Innovate |
title_short |
Plant Breeders' Rights, Patents, and Incentives to Innovate |
title_full |
Plant Breeders' Rights, Patents, and Incentives to Innovate |
title_fullStr |
Plant Breeders' Rights, Patents, and Incentives to Innovate |
title_full_unstemmed |
Plant Breeders' Rights, Patents, and Incentives to Innovate |
title_sort |
plant breeders' rights, patents, and incentives to innovate |
publisher |
Western Agricultural Economics Association |
series |
Journal of Agricultural and Resource Economics |
issn |
1068-5502 2327-8285 |
publishDate |
2018-01-01 |
description |
Both patents and Plant Breeders' Rights (PBRs) can protect plant innovations. Unlike patents, PBRs allow farmers to save part of their harvest to replant. We analyze the impact of this exemption on prices and innovation in a monopoly setting. In a PBR regime, a monopolist might let farmers self-produce, and he over- or under-invests compared to socially optimal investments. Under a PBR and patent regime, large (small) innovations are more likely to be patented (protected with PBRs), but self-production is not completely prevented, private investments are often socially optimal, and incentives to innovate are boosted. However, overall effects on welfare are ambiguous. |
topic |
durable good innovation patents plant breeders' rights seed saving |
url |
https://ageconsearch.umn.edu/record/267613 |
work_keys_str_mv |
AT adrienhervouet plantbreedersrightspatentsandincentivestoinnovate AT corinnelanginier plantbreedersrightspatentsandincentivestoinnovate |
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1724935611464286208 |