The Rate of Progress in Agricultural Biotechnology

Posted: 6 Jul 2004

See all articles by Steven Buccola

Steven Buccola

Oregon State University - Department of Applied Economics

Yin Xia

University of Missouri at Columbia - Agricultural and Applied Economics

Abstract

The average quality of agricultural biotechnology patents appears to have declined substantially during the past two decades. This quality deterioration may reflect either a decline in the significance of new inventions or an increased use of patents as "protective thickets" against competitors' challenges to more important discoveries. Either way, patent proliferation may be boosting the transaction costs in intellectual property markets, imperiling intellectual exchange and hence technical progress.

Suggested Citation

Buccola, Steven and Xia, Yin, The Rate of Progress in Agricultural Biotechnology. Available at SSRN: https://ssrn.com/abstract=548081

Steven Buccola (Contact Author)

Oregon State University - Department of Applied Economics ( email )

213 Ballard Extension Hall
Corvallis, OR 97331-4501
United States

Yin Xia

University of Missouri at Columbia - Agricultural and Applied Economics ( email )

Social Science Unit
124 Mumford Hall
Columbia, MO 65211
United States
573-882-8496 (Phone)
573-882-3958 (Fax)

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