Genetic resources were once treated as a common heritage, available without restriction for research and other usage. The system was perceived as contributing to a rapid extinction rate and as unfair to developing countries -the major source of genetic resources. Since the Biodiversity...

Hedonic pricing is used to value certificates of plant variety protection for soybean seed in New York. The estimated price premium of 2.3 percent (.7 ¢/lb.) is low, and another indicator that US Plant Breeders' Rights protection likely provides inadequate incentives for breeding investment....