Genetic resources are living organisms that contain genetic information which is of importance for biotechnological research and development. Facing an accelerated worldwide loss in species diversity, the question is whether commercial trade with genetic resources can generate sufficient...

We investigate how intensive should be the monitoring effort and how the reaction of the patentholder may influence the entry decision. In a simultaneous game we show that even if the penalty paid by the infringer and the settlement cost are high, the patentholder may decide to choose a...