The study examines the incentives and incidence of private R&D investment in the today's biotech industry. A three-stage search/imperfect competition model is developed to derive the optimal pricing and investment decisions of private firms and to develop conjectures about how these decisions...

This paper develops an empirical framework for estimating a number of inter-firm and downstream research spillovers in the canola crop research industry. The spillovers include basic research, human capital/ knowledge (as measured through other-firm expenditures), and genetics (as measured...

The Australian grain research system has undergone a profound transformation over the past 25 years. This began with the creation of Grains Research Development Corporation, which gave producers a voice within a national research system. In the second phase of development, the GRDC tendered for...

This paper develops an empirical framework for estimating a number of inter-firm and downstream research spillovers in the canola crop research industry. The spillovers include basic research, human capital/ knowledge (as measured through other-firm expenditures), and genetics (as measured...

The paper examine the economic impact of pricing and access to basic research IP. The analysis uses a Sallop circle model of a monopolistically competitive industry to examine the applied research output and firm entry. Under plausible conditions basic research IP spillovers will create rents...

In the United States, public universities may choose to license a plant variety to a limited number of producers (an exclusive license) or to an unlimited number of producers (an open license). This choice has implications for the quantity and distribution of total benefits from the variety....

Commodity levies are used increasingly to fund producer collective goods such as research and promotion. In the present paper we examine theoretical relationships between producer and national benefits from levy‐funded research, and consider the implications for the appropriate rates of...

The literature on measuring the size and distribution of returns to research has paid increasing attention of late to questions that require a multimarket framework. These questions include the distribution of benefits among stages of a multistage process or among factors of production (i.e. the...

Econometric studies of the effects of research on productivity have typically imposed arbitrary restrictions on the length and shape of the R&D on productivity and the estimated rate of return to research. This paper argues that the useful stock of public knowledge depreciates, if at all, only...