Economic Governance of Property Rights: Comparative Analysis on the Collection of Royalties in Genetically Modified Soybean Seeds

RESR, Piracicaba-SP, Vol. 51, No. 1, pp. 25-44, January/Mar 2013

20 Pages Posted: 6 Aug 2013

See all articles by Guilherme Fowler Monteiro

Guilherme Fowler Monteiro

Insper Institute of Education and Research; Center for Organization Studies

Decio Zylbersztajn

University of São Paulo (USP) - Department of Administration

Date Written: January 1, 2013

Abstract

This paper examines the governance of property rights on genetically modified (GM) soybean seeds. Specifically, the article undertakes a comparative analysis on the collection of royalties in GM soybean seeds in the U.S. and Brazil. For each country, the authors describe the regulatory framework governing the protection of biotechnology innovations in agriculture and investigate the mechanisms of royalty collection in GM soybean seeds. The paper also offers econometric evidence linking the capture of value on biotech innovations and the protection mechanisms deployed by biotech firms. The results suggest that, subject to the institutional environment, firms may choose to transact a GM attribute separated from the seed, building specialized governance structures framed around the genetic attribute and not around the seed as a whole.

Keywords: GM seed, royalty collection, property rights, governance mechanism

JEL Classification: D23, L22

Suggested Citation

Monteiro, Guilherme Fowler and Zylbersztajn, Decio, Economic Governance of Property Rights: Comparative Analysis on the Collection of Royalties in Genetically Modified Soybean Seeds (January 1, 2013). RESR, Piracicaba-SP, Vol. 51, No. 1, pp. 25-44, January/Mar 2013, Available at SSRN: https://ssrn.com/abstract=2306326

Guilherme Fowler Monteiro (Contact Author)

Insper Institute of Education and Research ( email )

R Quata 300
Sao Paulo, 04542-030
Brazil

Center for Organization Studies

Av. Luciano Gualberto, 908
Sao Paulo, Sao Paulo 05508-900
Brazil

Decio Zylbersztajn

University of São Paulo (USP) - Department of Administration ( email )

Av. Prof. Luciano Gualberto
908 - Predio 1 Sala C14
Sao Paulo 05508-900
Brazil
55-11-3032-5966 (Phone)
55-11-3032-5966 (Fax)

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